|Legendary hedge fund manager Jim Pallotta is returning to the industry with the launch of the Raptor Evolution Fund. The new hedge fund management firm has reportedly raised approximately $200 million and will employ the same long/short equity strategy that established Pallotta during his impressive run at Paul Tudor Jones’ Tudor Investment Corporation. According to the New York Times, Mr. Pallotta achieved returns that averaged over 19% annually over his 15 year tenure at Tudor. |
In January of 2009, James Pallotta spun-off his $12 billion dollar hedge fund Raptor Global from Tudor. Raptor Global was hurt by poor performance, falling by nearly 20% during 2009. After just 6 months of independence, Pallotta decided to shut down his new venture.