Tudor Shuts Down Its Trading Desk In Singapore

The $11 billion hedge fund, Tudor Investment Corporation, is shutting down its trading desk in Singapore.

The fund employed 10 people in Singapore before the trading desk closure. It still plans to keep some staff involved in quantitative research.

Tudor is one of the oldest funds and in recent times it lost money and clients. As a result, 15% of its global workforce was let go last month.

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