Tennessee’s Memphis is where Jones was born. He is 68 years old.
Some of his Wall Street colleagues talked highly of Paul Tudor Jones II’s ability to “shoot the lights out” by making enormous gains on significant market swings when he first started his trading career in the 1980s.
A native of Memphis who got his start in the cotton market in New Orleans, Mr. Jones generated returns of 125.9% after fees in his primary hedge fund in 1987 by betting on a significant decline in the US stock market, and then 87.4% in 1990 as the market in Japan crashed.
He made 48.1% over two years amid the sell-off in technology markets as recently as 2001-2002.
John Paul Jones: Who Is Paul Tudor Jones’ Father?
John Paul “Jack” Jones, the father of Paul Tudor Jones II, practiced transportation law out of a building next to The Daily News, which his family had owned and run since 1886, and served as publisher for 34 years.