Tudor Investment Corporation is downsizing. 15% of its headcount globally is set to go as it battles against $2bn of investor withdrawals.
But in the UK, Tudor had been selectively hiring. Now, senior people are on their way out.
Brett Gillespie, a global macro portfolio manager who worked at Tudor Investment Corp for nearly 12 years, has just departed. Gillespie joined from Commonwealth Bank in March 2005, and split his role at Tudor between London and Sydney.
Meanwhile, Miriam Muller, who worked in product development and only joined Tudor in October 2015, has also left. Muller was previously head of product development in the fund solutions group at Bank of America Merrill Lynch, where she worked for 14 years.
Filings on the Financial Conduct Authority (FCA) register also suggest that top-ranked analyst Marco Signorini departed earlier this month. Meanwhile, Rob Stoker, an execution trader who has worked at Tudor for the past 14 years, has also gone.
Tudor now has 63 people registered with the FCA, down from 70 in August. The hedge fund employs around 400 people globally, so cutting 15% of headcount would amount to 60 jobs being lost.
Despite this, Tudor has been hiring. Amit Tanna, a partner and portfolio manager at BlueCrest Capital Management who left in February, re-emerged at Tudor Capital. Meanwhile, James Camboni, who was latterly a macro trader at Noble Group and who previously worked at both Nomura and Jefferies, also joined in August.
Photo: Getty Images