Paul Tudor Jones, the legendary hedge fund manager who called the October 1987 crash, is lagging the stock market’s performance this year.
Tudor’s main BVI Global Macro fund lost 1.2 percent year-to-date through Jun. 2 compared to the S&P 500’s 9 percent return in that time period, according to a source familiar with the returns.
However, Tudor’s smaller event-driven fund is faring better. The Tudor Riverbend Crossing Partners fund is up 9.3 percent through the end of May, the source said.
Paul Tudor Jones earlier this year reportedly said at a closed-door meeting with Goldman Sachs, he was getting worried about the market’s valuation. The hedge fund manager referred to a chart that measured the market’s value relative to the country’s economy and said it should be “terrifying” to central bankers including the Federal Reserve’s Janet Yellen.
But the hedge fund manager did not indicate whether he was changing the fund’s positioning to bearish because of this view.
Abernathy MacGregor’s Patrick Clifford, a spokesman for Tudor, declined to comment for this story. The fund’s returns were reported earlier by Bloomberg News.
-With reporting by CNBC’s Leslie Picker