Billionaire hedge fund legend Paul Tudor Jones used a quote from Shakespeare to sound the alarm on a financial bubble

Paul Tudor JonesREUTERS/Eduardo Munoz

  • Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, said he feels like he’s in his 20s again.
  • In a letter to investors, he identified a number of concerns about the market. These include a mistaken central bank obsession with an inflation target of 2%, a growing deficit, and a stock market that’s at a record size relative to the economy.
  • “‘Cry ‘Havoc!’, and let slip the dogs of war’ seems an apt description for this moment,” he said.
  • Jones’ hedge fund has struggled in recent years. His flagship fund fell by 2.2% last year.

The market chaos of late is enough to turn a veteran investor young again.

In a February 2 letter to investors, Paul Tudor Jones, the billionaire founder of  $ 7 billion Tudor Investment Corp., said he feels like he’s in his 20s again. That’s after a difficult three years, where macro volatility has been almost non-existent, and his fund has struggled.

See the rest of the story at Business Insider

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