Tudor-backed hedge fund Xantium plans record $9 billion spinout

Quantitative hedge fund Xantium, currently backed by billionaire Paul Tudor Jones II's investment firm Tudor, is reportedly planning to spin out independently in the first half of 2027 with approximately $9 billion in assets. This move could represent the largest hedge fund spinout on record. Xantium, which employs around 300 people, will maintain financial backing from Tudor, though the parent company's potential ownership stake is not yet clear. The separation highlights the increasing scale of quantitative investment strategies and institutional demand for established managers.