crash part two, page-32

August 28, 2007 -- Billionaire investor Paul Tudor Jones' hedge fund group Tudor Investment Corp.'s Raptor Global Fund has lost 8 percent this year after turbulent market conditions in August hurt some of the portfolio's bets, two people familiar with the fund said.

Losses at the $8.5 billion fund, run by James Pallotta, widened dramatically in the first weeks of August, they said.

On Aug. 10, the Raptor fund was down 3.60 percent for the year. But within a few weeks it had lost $400 million after some investments were "simply crushed," the fund told its investors, people familiar with it said.

A spokesman for the fund declined to comment.


http://www.nypost.com/seven/08282007/business/raptor_hedge_fund_clipped_in_a.htm