Tudor said to be betting on data analytics, scientists

New York

PAUL Tudor Jones built his career on market savvy and a strong stomach for risk. Now, his gut is telling him to bet that data and the smarts of scientists can help his US$10.6 billion hedge fund firm find profitable investment ideas.

His firm, Tudor Investment Corp, invested several million dollars late last year in a pair of startups led by entrepreneur Gil Syswerda and has partnered with them to use machine learning in investment decisions, according to people with knowledge of the matter. Mr Syswerda, who's helped build a series of data-analytics companies since the 1990s, has been hiring a team of scientists to develop better ways to digest information such as satellite images, geolocation data and text, said the people, who asked not to be named because the information isn't public.