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Tudor becomes largest fund to halt withdrawals

One of the world's largest hedge funds has temporarily stopped investors withdrawing all their money from it at once, even though its recent performance is thought to have beaten the average of its peers.

Bloomberg reports that managers of Tudor Investment Corp's flagship portfolio, the $10bn (€7.9bn) Tudor BVI Global fund, have halted redemptions so they can segregate difficult-to-sell assets in the fund from those they can offload more easily. This is a move that an increasing number of firms are making to avoid having to raise cash in falling markets to pay out withdrawing investors.

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