Tudor Launches Fund Focused on Event-Driven Strategies
Riverbend Crossing will specialize in corporate catalysts such as merger arbitrage, spin-offs and restructurings.
Paul Tudor Jones II’s Tudor Investment Corp. has launched a new hedge fund — Tudor Riverbend Crossing Partners.
The fund will specialize in event-driven strategies. However, it will not be an activist fund. Rather, it will concentrate on corporate catalysts, such as merger arbitrage, spin-offs and restructurings.