John Paulson

Paul Tudor Jones Clients Said To Pull 15 Percent From Main Fund

Paul Tudor Jones' investors are increasingly deserting him.

The billionaire macro manager who helped give rise to the hedge fund industry saw clients pull about 15 percent of their assets from his main fund in the second quarter, according to investors who asked not to be identified discussing private information. That's left client assets at about $3.6 billion, almost half the value a year ago.

The withdrawals are a blow to Jones – the Memphis native and former cotton trader who started Tudor Investment Corp., formerly based in Greenwich, almost four decades ago – and exemplify the asset bleed hurting the biggest names in the business, including Alan Howard and John...