Seventeen year-old Canadian high school student Julian Marchese bought his first stock when he was only eight years-old. 

These days he's passionate about global macro trading and he's garnering attention in the space from more seasoned macro traders. 

"The breadth and depth of Julian's market knowledge is that of a seasoned macro trader. The young man is very impressive," one New York-based macro trader commented. 

You can tell just by reading his trade journals. They read like a trader with at least twenty years experience wrote them, not a high schooler. 

What's even more impressive about Marchese, who runs Marchese Financial, is that he's self-taught.

Neither of his parents work in finance. He does, however, have a mentor who is one of the top ten hedge fund managers alive. Marchese wishes to keep the name of his contact private, though. 

We caught up with him over the telephone. We've transcribed our interview below.  (Note: It has been lightly edited.) 

BI: First off, tell us how you got interested in the markets and how long you've been trading. 

JM: I first got started into investing when I was 8 years-old. I was always interested in business. You know, I did like lemonade stands. When I was 8 years-old I came to this point, 'OK, I have this money. What do I do with it?' So I went on Google and I searched for stuff to do with excess money and investing came up. It kind of intrigued me how you could invest your money, build your wealth and dreams while also helping others because through investing of course you're giving another entity capital and they can do whatever they so please to do with it and they could build their capital. Investing is what intrigued me and I kind of ran with it for the next couple of years with my life until I realized you know what I don't want to be buying stock and holding for five years  waiting that long. I wanted to make money right now. That's when I got into day trading... 

BI: I've read some of your trade journals. I see that you run quant studies on the market and that you do a lot of relative strength work. I also see that you talk about the ECB meetings and the impact on currency. This is really sophisticated stuff and it reads as if you've been trading for twenty years. You've learned all this by 17, I'm just curious how? Are you self-taught? Or has someone helped you?

JM: I'm basically self-taught. A lot of people think there was someone either really close to me like either family or friend that kind of guided me. There really wasn't. I recognized an interest in this type of stuff. With the Internet nowadays, there's so much information that you can find. I just asked questions into Google and all the answers I could find were there. It also had a lot of do with experience. I mean when I wanted to test something out, I would just watch the market and I would test my idea and just write notes about it. Over time, doing that constantly over and over again it just became habit. 

BI: Do you have a mentor? 

JM: I kind of do. I've been able to connect with one of the top-ten hedge fund managers alive today. I mean I can't issue any names. I just made a personal promise. 

BI: So we would recognize the person, obviously? 

JM: Yes.

BI:Any hints? What kind of strategy they have? 

JM: It's a macro. 

BI: How about your family? What sort of influence has your family had on you? And how important is their support?

JM: I definitely wouldn't be here today without their support. Trading, especially when you're a teenager, there's a lot of ups and downs, a lot of learning curves. Obviously in my early years, when I was trying to find out all this new information, when I was trying to find that Holy Grail, it took a lot of searching and my parents they allowed me to do that. They allowed me to find my way I guess. Their emotional support and their overall support for doing what I love to do has enabled me to connect with all these people to learn everything I've been able to learn and hopefully make a bigger impact with regards to financial transparency and education. 

BI: This also seems to play into trader psychology. How important is it to have your mentor and a team around you to help you trade?

JM: It's extremely important. I believe you can only get to a certain point on your own. You do need to have people around you that can give you another perspective. Especially when you're trading and you're focused in and you're finding your entry points and you're looking for your new trading opportunity you can miss a lot of things. The amount of information just to make one of three decisions—buy, sell, hold—the amount of information out there is out there is spectacular, so you need to have other people to bounce your ideas off of to check out what they're doing and what their views of the market are. 

BI: What do you think is the biggest myth young people have about the markets? 

JM: I would say the biggest myth is people think it's a casino, it's gambling. At least, that's what I get from the kids at school where I go to high school. Most of them respect what I do, but at the same time it's like I guess the media has warped the view of Wall Street. Of course, there's a lot of negativity in the press with regards to insider trading scandals and all that and that kind of warps the view of everyone else. I would say the biggest myth is that it's a casino, that it's gambling. In my view, of course, it's educated gambling. Obviously, you can't be right on every trade, but you can put the odds in your favor. 

BI: In your experience, has there been a major lesson that you've learned? Have you had a day where you're like 'Oh my gosh, I made a huge screw up trading'? 

JM: I would say early in my career, the biggest lesson I've ever learned (it wasn't just a one day thing it was over a couple weeks) is just never get attached to a trade. That's the biggest thing. Getting attached to a position over night, it's very psychological. It can make you do a lot of other traps that traders go into, which is adding to a loser, letting your losses run, maybe cutting your winners too short. Now, a trade always for me is my biggest problem is that early on I'd find a great trade idea and it looks perfect. Of course, it's never 100%. But I would basically trade it like it was a sure thing. The problem with that is that when it starts going against you...it looks even more attractive. The price is going down so you can buy lower. So I think the biggest lesson is exactly that. Just never get attached to a position. There's always another opportunity to get in it. Just cut your losses when it hits your stop outpoint and if you need to buy it when it's a little bit higher than it is. It's still another opportunity. The market is just confirming you in that scenario.

BI: Let's talk about your routine. How do you manage trading and going to school? You said you're a global macro trader. Talk to me about that. What do you trade? What markets do you trade and how are you finding time to do this?

JM: It can definitely seem difficult sometimes. Now in grade twelve I have a spare so I do have a little more time to look at the markets even when I'm at school. I have an iPad and I clear through Interactive Brokers so they have their own app on the iPad. So as long as I have an Internet connection, I can basically trade wherever I can.  It's always a lot easier to absorb information when you're sitting in front of your desk. Once again, with Twitter, for example, I can check out what's happening because everyone is Tweeting about it.  If something's happening in the markets and I have no clue what's happening because I'm just sitting in English class I can just quickly check Twitter and 'Oh, OK. That's what's happening.' 

BI: What traders did you look up to as a kid growing up? 

JM: The big guys that I up to were everyone in Market Wizard series. I really loved George Soros' The Alchemy Of Finance, great book, where he goes through his trade thesis. I love Paul Tudor Jones for his risk management views.  And Bruce Kovner for his way to bring together everything. Stanley Druckenmiller, I love the way he can bring together such a technical view and a fundamental view and piece it together and really bang out some good returns back then. 

BI: You mentioned some great books. What are you three favorite trading books. The ones that have been the most influential to you? 

JM: No. 1 would be Market Wizards, No. 2. Reminisces of a Stock Operator. And No. 3. would be The Daily Trading Coach by Brett Steenbarger. His insights on the psychology of trading are just phenomenal. 

BI: Alright, you're a high school student. What do you like to do for fun when you're not trading? 

JM: I love hanging out with friends. I love playing tennis...Some video games. I guess I'll play occasionally. I'm not really an avid gamer. The market is my video game. Golf, I love to play in the summer. 

BI: I read somewhere that you play the guitar. 

JM: Yeah, I'm also self-taught on the guitar. I used to play piano. My mom put me into piano lessons at a pretty early age. I liked it, but it gave me a foundation. But I always liked classic rock music. I always wanted to play guitar. I just picked it up and went with it. It's a great stress reliever. I always have it right beside me on my trading desk. Whenever it's getting pretty active and I don't want to look at the screen I just pick it up and play away. 

BI: Any favorite artists? 

JM: I love classic rock so Led Zeppelin, Pink Floyd, lots of progressive rock. Also, I like a broad range. I like some electronic and some hip-hop as well. I guess my foundation would be in classic rock. 

BI: What do you want to study in college? 

JM: Finance and economics. Once again, it's my passion. As long as I'm looking at anything regarding markets, whether it's trading or research. I'm looking to do an economics and or finance degree. 

BI: You said this is your passion. What do you want to do for you career? What's your ultimate goal? 

JM: My ultimate goal is to be a hedge fund manager. Obviously, I need to do something with regards to the markets. That's my passion. Trading is the best way to be connected with the market...One of the key things with being a fund manager is it's a very lucrative business. There's definitely a lot of wealth to be made. With wealth, it gives you the power to help people and to impact the world. Since I've been looking at the markets and in the trading industry for so long now, I've realized how important transparency and financial literacy is. Hopefully, my ultimate goal is to make enough wealth and make an impact in that field. Just bringing financial literacy as a staple to the masses. 

BI: What are you doing with the money you're making now? 

JM: That's all going to go to education. Where I'm looking to apply in the states, University of Pennsylvania Wharton specifically, it's my No. 1 choice. It's pretty expensive. So yeah, it's all going to education. 

You can check out Marchese's website here. Marchese is also the co-founder of Leaders Investment Club, a community for young traders and investors. 

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Every year, billionaire hedge fund manager Paul Tudor Jones decorates his gorgeous Greenwich, Connecticut Belle Haven Estate with a spectacular holiday light show.  

He makes it so the public can drive their cars over to his waterfront estate and view the festive light show.  The lights are actually synchronized to music that's broadcasted on a local radio station.  PTJ's daughter, Caroline, has even performed songs in the past for the occasion.   

The fund manager certainly gets into the holiday spirit when it comes for decorating.  He even threw a big party at his estate earlier this month.  The Stamford Advocate reports that Usher was in attendance this year. 

In case you missed it, check out some images and videos from this year's display:  

Christmas lights display at Paul Tudor Jones Mansion. #Greenwich#CTpic.twitter.com/awLophkr1f

— Colette Cote (@ColetteCote) December 23, 2013

Most amazing Christmas display at Paul Tudor Jones' in #Greenwich#CT with synced music! Worth 45 min wait pic.twitter.com/H07IBLK9yF

— Celeste Frye (@CelesteFrye11) December 22, 2013

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If you can keep your head when all about you

Are losing theirs and blaming it on you,

If you can trust yourself when all men doubt you,

But make allowance for their doubting too;

-Rudyard Kipling’s “If”

Tom DeMark has been absolutely lambasted since he first proposed his 1929 analog a few months ago. It suggests stocks might be following a similar pattern today as they did back then, ultimately headed for a crash. Even many market watchers I deeply respect have turned the study into a joke on social media.

To these folks I’d just like to point them in the direction of Paul Tudor Jones II, one of the most successful hedge fund managers in history. Anyone who has read the original “Market Wizards” should be familiar with his story. It begins, “October 1987 was a devastating month for most investors as the world stock markets witnessed a collapse that rivaled 1929. That same month, the Tudor Futures Fund, managed by Paul Tudor Jones, registered an incredible 62 percent return.”

How did he do it? How did he manage to profit so handily from an event nobody saw coming? Jones answers, “our analog model to 1929 had the collapse perfectly nailed. [Paul Jones' analog model, developed by his research director, Peter Borish, super-imposed the 1980s market over the 1920s market. The two markets demonstrated a remarkable degree of correlation. This model was a key tool in Jones' stock index trading during 1987.]” The 1929 analog was the “key” that helped him predict and prepare for the crash.

The documentary, “Trader,” also verifies this account. It was filmed in the months leading up to the 1987 crash. There are many scenes in the film in which Jones and Borish discuss the analog and how it provides the foundation for their daily trading. “At times like this, what gives these two confidence is a theory that says the stock market moves in cycles, in patterns, and Paul and Peter subscribe to the Elliott Wave Theory which says to them what happened 49 years ago, in the late 1920s, is happening again now.” Sadly, Mr. Jones has removed the film from circulation. His reason for doing so is anyone’s guess but witnessing the ridicule that DeMark has suffered recently I can’t blame him.

Jones and DeMark are two of the men I respect most in this business. I believe that one of the main reasons behind their success is their ability to, ‘keep their heads and have faith in their own convictions when all about them are losing theirs and doubting them.’ To me, this latest 1929 analog is still valid until the Dow Industrials make a new high. Until then, I’ll take the ridicule as a contrarian sign that Tom is onto something.

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Paul Tudor Jones just presented at this year's Sohn Investment Conference, and his idea came with a serious dose of market wisdom in the midst of what he considers one of the hardest times for macro traders he's seen in his career.

He made his point using Friday's stellar jobs number.

As PTJ pointed out, it was some of the strongest data the U.S. has seen since 2007. It sent every signal to sell bonds.

But if you would've done that, you'd be in trouble. By the end of the day bonds had rallied.

"What is obvious is obviously wrong," was PTJ's takeaway. He added, "The message to all bond bears is wait until you see the whites of their eyes, before you sell fixed income,” he said.

Now he looks at a bunch of different models from all over the world and tries to make connections by taking them all into consideration.

"A lot of times you look at the fundamentals and they show you one hand... but it reality there are two hands."

Right now the hands are saying "sometime late summer English bonds are probably a decent sale."

 Get that tattooed somewhere.

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Hundreds of investors are gathering at Lincoln Center in Midtown Manhattan for one of the most stacked hedge fund conferences of the year, the 19th annual Sohn Investment Conference. 

For years Sohn has been  a forum for investors to share some of their biggest ideas, sometimes they're even new ideas. Most of the time, those ideas move markets.

Already, Bond God Jeff Gundlach has said that it's time to short homebuilders, and Philippe Laffont presented his long case for Liberty Global.

Larry Robbins of Glenview, who crushed it in 2013, is bullish on HMOs. He also likes Monsanto as a long play.

We've got notes on all of that below.

So follow along with us, as Business Insider will be live blogging the event throughout the afternoon, so check back for updates. 

Check out the included the schedule below:

12:00:    Opening remarks: Douglas Hirsch

12:05:    Novogratz

12:20:    Shumway

12:35:    Gundlach

12:50:    Dan Ariely

1:05:      Laffont

Intermission

2:05:      Robbins

2:20:      Schreiber

2:35:      Elana Simon

2:50:      Grant

3:05:      Ackman

Intermission

4:10:      P Tudor Jones

4:25:      Sohn Investment Contest

4:40:      Mariko Gordon

4:55:      Einhorn

Cocktail Reception

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The quiet market has made for a rough year for investors. Particularly for some of Wall Street's hedge-fund titans, a Wall Street Journal article said today.

Hedge funds specialized in macroeconomic trends have been losing money this year after investing in the wrong global markets.

According to the article, these are some investors hurting: 

• Alan Howard – Brevan Howard Capital Management is down 3.8% through June 6
• Louis Bacon – Moore Capital Management is down 5% through May 
• Paul Tudor Jones – Tudor Investment Corp is down 4.4% this year
• Kyle Bass – Hayman Capital Management is down more than 6% in the first quarter

Other firms posting losses include Woodbine Capital Advisors, Bruce Kovner's Caxton Associates, and Michael Novogratz's Fortress Investment Group. Worried investors are starting to pull funds from these macro hedge funds after seeing the damage.

Some failed strategies include investing heavily in the Japanese stock market (while the Nikkei Stock Average is down 7.1% since January), and underestimating U.S. bonds. 

Hopefully things will turn around when the market shifts ... whenever that is.

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Wall Streeters are just like us in many ways, sharing the urge to settle down and start a family at some point in their careers. 

We decided to track down a bunch of these Wall Street offspring to see what they've done with their legacies so far.

Some followed the family business path, while others strayed into new passions. From singer-songwriters to journalists and equestrians, these Wall Street kids are doing some remarkable things.

Let's meet the next generation. 

Alexander Soros, son of billionaire hedge fund manager George Soros

Age: 28 to 29 (est.)

About: Alex has established himself as a big-time philanthropist like his father. As a student, he's a big political donor, too.

He graduated from NYU in 2009. He's pursuing his doctorate in modern European history at the University of California – Berkeley, and has also started a social justice foundation in his name. 

Brian Tepper, son of billionaire hedge fund manager David Tepper (Appaloosa Management)

Age: 27 (est.)

About: Brian is a software engineer in the computer gaming field.

He graduated with a degree in game development from Full Sail University in Winter Park, Florida.

He has two sisters, Randi and Casey.

Caroline Gorman, daughter of Morgan Stanley CEO James Gorman

Age: 18

About: Caroline Gorman is another Wall Street progeny on a musical path. She sings and plays piano and guitar for her band, Madness and the Film.

Last year, the two-person band released "Scrapbook," a four song EP.

Fall fraternity rush is beginning at college campuses across the country.

The reasons people join these groups might vary. Most people probably want to make more friends and have a full social calendar, while others might want to form connections with past and current brothers that could be useful in later life.

We combed through a bunch of fraternities' notable members lists to find big Wall Street names, both past and present, who were brothers.  

We have included a roundup of frats that have produced some of the biggest, and in a couple of cases some of the most infamous, names on the Street. 

If you know of any names we are missing, feel free to send an email to jlaroche@businessinsider.com. If anyone knows of sorority alums working in finance, feel free to send those names, too. 

Zeta Beta Tau (ZBT)

Notable Wall Street members: SAC Capital's Steve Cohen (UPenn), former chairman of Bear Stearns Alan "Ace" Greenberg, Cantor Fitzgerald vice chairman Stuart Fraser (University of Missouri)

Founded: Dec. 29, 1898, City College of New York

Nickname: "ZBT" or "Zebe"

Mission Statement:"The mission of Zeta Beta Tau Fraternity (ZBT) is to foster and develop in its membership the tenets of its Credo: Intellectual Awareness, Social Responsibility, Integrity and Brotherly Love, in order to prepare its members for positions of leadership and service within their communities.

"Mindful of its founding in 1898 as the Nation's first Jewish Fraternity, ZBT will preserve and cultivate its relationships within the Jewish community. Since 1954, ZBT has been committed to its policy of non-sectarian Brotherhood, and values the diversity of its membership. ZBT will recruit and initiate men of good character, regardless of religion, race or creed who are accepting of these principles."

Size: Over 140,000 initiated 

Source: ZBT

Phi Kappa Psi (ΦΚΨ)

Famous Wall Street members: Michael Bloomberg (Founder of Bloomberg LP), Bill Gross (Founder of Pimco), Orra Monnette (Founder of Bank of America)

Founded: Feb. 19, 1852, Jefferson College

Nickname(s): Phi Psi

Motto: Conjugati Amicitia,Vindicate Honore,Et Ducti Vero,Vivimus et Vigemus. United by friendship,sustained by honor,and led by truth,We live and we flourish.

Alpha Tau Omega (ΑΤΩ)

Famous Wall Street members: Lehman Brothers ex-CEO Dick Fuld (University of Colorado at Boulder)

Founded: Sept. 11, 1865, Virginia Military Institute

Nickname(s): "ATO" or "Taus"

Mission Statement:"To bind men together in a brotherhood based upon eternal and immutable principles, with a bond as strong as right itself and as lasting as humanity; to know no North, no South, no East, no West, but to know man as man, to teach that true men the world over should stand together and contend for supremacy of good over evil; to teach, not politics, but morals; to foster, not partisanship, but the recognition of true merit wherever found; to have no narrower limits within which to work together for the elevation of man than the outlines of the world: these were the thoughts and hopes uppermost in the minds of the founders of the Alpha Tau Omega Fraternity."

Source: ATO

Commodity prices have been falling around the world, and Paul Tudor Jones II thinks this trend will play out through 2020.

On Monday, the legendary macro trader was interviewed by another legend, Stanley Druckenmiller, at the Robin Hood Investors Conference.

The conference, which is stacked with hedge fund heavyweights, is off limits to the press. We have a source inside who was kind enough to share his notes from Monday evening's panel.

According to our source's notes, Jones says we are in the downturn for the current commodities cycle. Having reached the peak of the cycle a few years ago, we are still heading down to the bottom.

Jones said these commodity cycles run in roughly 30-year cycles between peaks — 1999 was a valley, and April 2011 was the peak. He said this cycle would play out through the downside through 2020 or so but would be net positive for the US economy.  

Jones also touched on other macro topics during the discussion. 

Jones talked about deleveraging in China and how that would be negative for the financial sector as well as commodities there. He basically said that there was a credit bubble and that the "the piper will be paid and the bubble will burst."

He said in about 2029 the US will breach Greek debt levels, according to our source.

He also talked about Japan and Japanese Government Bonds, which are up over 30% with extremely low trading volume. He's wondering when the yields will pop. 

Later in the panel, Jones said the European Central Bank and the Bank of Japan would keep cutting rates. He said the yen needed to depreciate 15% per year to increase inflation 1% to 1.5%.

His trade is to get long the dollar versus the yen. According to our source's notes, the dollar rally versus other currencies may have run its course.

The panel fell on the anniversary of Black Monday — a market crash event that Jones famously predicted back in 1987 and that netted him millions.

According to our source's notes, Druckenmiller asked Jones about the similarities between 1987 and what's going on now. Jones said the 1987 crash was derivative inspired. The S&P futures were down 33% before the open on that Monday.

He also said that 1987 was dissimilar to what's going on now. He said we have a bubble now, and he's not sure whether it's in the stock market, according to our source's notes. 

As for last week's market activity, Jones said that on Thursday we saw a five standard deviation (that's a volatility measure) kind of movement in one day. He said we would see this kind of volatility in the future.

Speaking of the volatility of the past two to three weeks, he said that was due to position clearing and that it was similar to October 1998. (Our source pointed out that's when the Long-Term Capital Management event happened. Jones didn't explicitly say that, though.) 

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Legendary macro trader Paul Tudor Jones, the founder of Tudor Investment Corp., is closing his futures fund—the first fund he ever opened—to focus on his flagship fund, CNBC's Kate Kelly reports.

The Tudor Futures Fund managed $300 million, according to CNBC. The futures fund, which was opened in 1984, also never had a down year. 

"I'll continue to manage the firm's flagship fund. I am and will continue to be the largest risk taker for that fund as far as I can see into the future," Jones wrote in a recent investor letter, according to Kelly.

Meanwhile, the flagship fund–the $11 billion Tudor Global BVI—was up about 3.5% through the end of December, according to CNBC's Kelly. 

Watch below:  

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Here's what we learned in 2014 — it doesn't matter how well hedge funds do, employees will still be incredibly well paid.

According to the 2015 Hedge Fund Compensation report, employees got a boost to both their base pay and bonuses, with average cash compensation reported at about $368,000. Base salary grew by the single digits, while bonuses grew in the double digits.

"Again this year, solid fund performance results in significant bonuses," said David Kochanek, Publisher of HedgeFundCompensationReport.com."The difference this year is we saw a reduction in the correlation between fund performance and bonus levels."

What Kochanek is saying is that the average hedge fund didn't do so hot in 2014. For the sixth year in a row, most funds failed to beat the S&P 500. The average return was just 2% — the worst since 2011, according to Bloomberg. 

As a result, a lot of funds are shutting down. Europe's massive Brevan Howard shut down a fund last month. And even legendary trader Paul Tudor Jones shut down his first fund, the Tudor Futures Fund, to focus resources on his flagship, the BVI Global Fund.

So times aren't nearly as good as the money.

The problem here is that this kind of flies in the face of Wall Street's whole "eat what you kill" mantra ... doesn't it?

Sounds as if it's time for a new mantra. Leave suggestions in the comments.

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Forbes' magazine has just released its annual world's billionaires list.

This year, we've counted 40 names in the hedge fund industry. A few of these titans have retired in recent years. 

Fund managers are paid through a compensation structure commonly known as the "2 and 20," which stands for a 2% management fee and a 20% performance fee charge. More specifically, "2 and 20″ means a hedge fund manager would charge investors 2% of total assets under management and 20% of any profits.

Overall, 2014 was an incredibly underwhelming year in the hedge fund world. According to research firm Preqin, hedge funds, on average, returned just a mere 3.78%, the lowest annual return since the 1.85% loss in 2011. Still, there were a few fund that delivered impressive returns such as Bill Ackman's Pershing Square.

We've included a round up of the richest fund managers in the world. 

Rob Citrone

Rank: 1741

Net-worth: $1 billion

Age: 50

Fund: Discovery Capital

Source: Forbes

Brian Higgins

Rank: 1533

Net-worth: $1.2 billion

Age: 50

Fund: King Street Capital

Source: Forbes

Richard Chilton, Jr.

Rank: 1533

Net-worth: $1.2 billion

Age: 56

Fund: Chilton Investment Company

Source: Forbes

Union and community protesters are marching today on the home of Paul Tudor Jones, the founder and head of the Greenwich, Connecticut–based hedge fund firm Tudor Investment Corporation with the hopes of calling attention to the financial influence of billionaires in the political process.

“Hedge Clippers,” a campaign organized by the Strong Economy for All Coalition, a New York–area labor and community action group, aims to, according to its press release, “expose the mechanisms hedge funds and billionaires use to influence government and politicians in order to expand their wealth, influence and power.”

At first blush, however, Paul Tudor Jones is not the most obvious target for the protesters’ ire.

After founding his hedge fund firm in 1980, Tudor Jones has become one of the wealthiest managers in the industry and owns one of the most resplendent homes in affluent Greenwich. At the same time, Jones is well known for his philanthropy. He founded the Robin Hood Foundation, a nonprofit aimed at tackling poverty in New York. He has also fought to preserve the Florida Everglades. The protesters, however, allege that Tudor Jones’ largesse is undercut by his support of Republican candidates and the opulence of his own lifestyle.

Compared to other hedge fund managers, such as John Paulson and Paul Singer on the Republican side and Marc Lasry and Jim Chanos, who both back Democrats, Tudor Jones is not very active in politics. Nonetheless, the Strong Economy for All Coalition has identified donations Tudor Jones made to state-level Republican candidates running in New York support the group alleges helped move New York State government back into Republican control.

Regardless of whether Tudor Jones deserves to be the target of protests on his front lawn, the demonstration is a signal of what may lie ahead in the U.S. as the country gears up for the 2016 election cycle. Income inequality in the U.S. and other parts of the developed world is at an all-time high. The boom in financial services over the past few years that has been so generous to Tudor Jones and others like him left behind many in the middle and lower classes. In the U.S., the issue is magnified by the role donations play in the political system.

The rich are not blind to the problem. Tudor Jones’ Robin Hood Foundation is but one example of an organization that is trying to tackle the problem of what to do about those the economy has left behind. The spectacle of billionaires flying into the Swiss ski resort of Davos to discuss income inequality at the World Economic Forum this past January might have been at once both humorous and distressful. But the issue is real.

Where the political left and the political right disagree is on the solution. Those on the left in the organized labor movement believe that the problem needs to be fixed from the ground up by raising tax revenue, giving more to public services, creating better jobs and better schools. Those on the right believe in a top-down solution that argues government is costly and inefficient. Philanthropy and public markets are a better way, goes the reasoning, to tackle the deep-seated problems of poverty.

It is clear that the issues of income inequality and big money in politics will weigh heavily on the 2016 election.

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Legendary hedge fund manager Paul Tudor Jones II gave a dire warning about the growing gap between the rich and the poor in the US during a sold out TED Talk in Canada this week. 

"Now here's a macro forecast that's easy to make and that's that the gap between the wealthiest and the poorest it will get closed. History always does it. It typically happens in one of three ways– either through revolution, higher taxes or wars. None of those are on my bucket list," PTJ said, according to a video of the event viewed by Business Insider. 

During his talk, Tudor Jones, who has an estimated networth of $4.6 billion, praised capitalism.

"It's a system I love because of the successes and opportunities it has afforded me and millions of others." 

Over the last several decades, however, there's been a shift. 

Tudor Jones continued: "I've seen a lot of crazy things in markets ... And unfortunately, I'm sad to report that right now we might be on the grips of certainly one of the most disastrous certainly in my career." 

According to Tudor Jones, the problem has to do with how companies nowadays derive their value from profits, quarterly earnings, and their stock price. 

"It's like we've ripped the humanity out of our companies," he said, explaining that we don't value people based on their monthly income or credit score. "We have this double standard when it comes to the way we value businesses. You know what? It's threatening the very underpinnings of our society." 

Right now, corporate profits in the US are at all-time highs. This, he said, is increasing income inequality.

"Higher profit margins do not increase societal wealth. What they actually do is exacerbate income inequality, and that's not a good thing." 

He explained that if the top 10% of American families own 90% of the stocks, then they will take a greater share of those corporate profits and there's less wealth for the rest of society. 

Tudor Jones said that income inequality in the US is "literally off the charts" and that's going to come along with "the greatest societal problems" such as lower life expectancy, teenage pregnancy, and lower literacy rates. 

His solution is to advocate for justice in corporate behavior. 

Tudor Jones recently formed a not-for-profit called JUST Capital with a mission to help companies by using the public's input to find out the criteria that would define justice.

"Now capitalism has been responsible for every major innovation that's made this world a more inspiring and wonderful place to live in," Tudor Jones said. "Capitalism has to be based on justice ... I'm not against progress. I want a driverless car and a jetpack like everyone else, but I'm pleading for recognition that with increased wealth or profits should come, has to come ... greater corporate social responsibility."

This year, they will survey 20,000 Americans and plan to release those results in September, Tudor Jones said.

"Maybe we will find out the most important thing for the public is create living wage jobs or make healthy products or help, not harm the environment," he explained. "At JUST Capital, we don't know. It's not for us to decide. We are but messengers. We have 100% confidence and faith in the American public to get it right." 

They plan to issue the survey every year. Eventually, they will rank the companies in order based on the data they collect. 

The hope, he explained, is that human and economic resources will be attracted toward those just companies and that they will be the most prosperous. 

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Billionaire hedge fund manager Paul Tudor Jones II just dropped a fortune on a new house in Palm Beach.

Tudor Jones paid $71.2 million for the nearly six-acre estate, the Palm Beach Daily News reported, citing a deed posted on the county clerk's website.

The estate, known as Casa Apava, reportedly has 420 feet of oceanfront, and the Mediterranean-style house was designed by the son of President James Garfield and built in 1918, according to the Palm Beach Daily News.

It was later owned by billionaire Ronald Perelman.

Tudor Jones' purchase comes a week after he delivered a speech railing against the 1 percent and warning of the dangers of the growing wealth gap in America.

He told a TED audience that the gap between America's wealthiest and poorest would inevitably close "either through revolution, higher taxes, or wars."

Tudor Jones, who co-founded the Robin Hood Foundation, recently formed a new non-profit called JUST Capital to help advance corporate social responsibility in companies.

His new estate is located in a part of Palm Beach known as"Billionaires Row."

Read more at the Palm Beach Daily News »

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Legendary hedge fund manager Paul Tudor Jones II just listed his stunning Florida Keys home for $14.5 million, Realtor.com reports. 

Earlier this month, the Palm Beach Daily News reported that Tudor Jones purchasedCasa Apava, a waterfront estate in Palm Beach, for a $71.2 million. 

Tudor Jones' Islamorada estate that's on the market now sits on 6.41 acres of bay-front property. It features a main house, two guest cottages, a pool and spa, and a deep boat basin, among other amenities. 

Cheri Tindall with Sotheby's International Realty has the listing.

Tudor Jones, who has an estimated net worth of $4.6 billion, recently made headlines for giving a dire warning about the growing gap between the rich and the poor in the US. 

The estate features 12,400 square feet of living space. In addition to the main house, there are two guest cottages on the property.

The two-story main residence has six bedrooms, five bathrooms, and three half baths.

The bay-front estate also features a deep-water boat basin with a jetty that makes the property accessible for yachts.

Legendary hedge fund manager Paul Tudor Jones II just listed his stunning Florida Keys home for $14.5 million, Realtor.com reports. 

Earlier this month, the Palm Beach Daily News reported that Tudor Jones purchasedCasa Apava, a waterfront estate in Palm Beach, for a $71.2 million.

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On Tuesday night, hedge fund heavyweights and top bankers filled the Javits Center in Manhattan for the Robin Hood Foundation's annual star-studded event, which raises funds to combat poverty in New York City.

Financial industry heavyweights in attendance included David Tepper (Appaloosa Management), David Einhorn (Greenlight Capital), Michael Novogratz (Fortress), Larry Fink (BlackRock), Goldman CEO Lloyd Blankfein and Goldman's president Gary Cohn, among others. 

Hedge fund legend Paul Tudor Jones, who has an estimated networth of $4.6 billion, founded the Robin Hood Foundation 27 years ago.

Earlier this year, Tudor Jones made headlines warning about income inequality at a TED Talk, predicting that it could end either through "revolution, higher taxes or wars." To date, Robin Hood has raised over $1.95 billion that has gone to soup kitchens, homeless shelters, schools, job-training programs, etc, according to the website. 

Overall, the event raised a whopping $101 million, including a $25 million donation from Bill Ackman, the CEO of Pershing Square Capital, and his wife, Karen. Ackman, 49, was the best-performing big fund manager in 2014.

It wasn't just financial professionals who made an appearance last night. Oprah Winfrey, Diane Sawyer, Matt Lauer, Morgan Freeman, Michael J. Fox, Sting, Jim Gaffigan, Michael Che and Jimmy Fallon were all there. Bon Jovi and Paul McCartney performed. Danny Meyer prepared the feast. Katie Couric was the host. 

Check out the highlights from the event below: 

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Five young macro traders will get the chance to train with Paul Tudor Jones this summer through a new venture Jones started called LaunchPad Trading, Bloomberg reported. 

Jones, who founded one of the most distinguished macro hedge funds, $14 billion Tudor Investment Corp., hopes to eventually increase the number of traders to 20.

"There are fewer options open to traders who want to learn trading skills and manage capital at the start of their career," Jones said in a statement. 

That's because, due to heightened regulation, banks are being forced to shut down their propriety trading desks, where young traders used to learn all the tricks of the trade before moving on to manage clients' money.

"We want to provide an environment where they can get that experience," he said.

The venture is seeking candidates with two to six years of macro trading experience, who are able to "explain how they generate ideas, construct their portfolios, and manage risk," Bloomberg reported.

The lucky traders accepted will work in New York, Chicago or London trading offices — but first, must pass through a rigorous application process: Nancy Andrews, LaunchPad’s CEO, will hand-pick applicants and pass on prospects to a five-member committee that will shave off more of the applicant pool.

The joint venture is funded in part by Jones and algorithmic trading-specialized firm, HC Technologies. HC Technologies will oversee the traders and provide risk management.

For more, head to Bloomberg»

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As Wall Street banks scale down proprietary trading in order to comply with new regulations, new people are moving onto the other side of those sales.

One of those people is a former special operations soldier turned commodities trader, William Reed, and he's got the backing of some pretty important names in the industry, reports Bloomberg's Javier Blas and Andy Hoffman.

Reed's Castleton Commodities International has started making some big commodities purchases, according to the report – including Morgan Stanley's oil trading business in May.

Major Castleton shareholders include Paul Tudor Jones and Highbrige Capital's Glenn Dubin.

The company has also bought Texas power plants, coal terminals in Kentucky, natural-gas wells in Colorado, and oil storage tanks in Shanghai, according to Bloomberg.

Reed reportedly led a takeover at Castleton a couple of years ago, together with Dubin, who is now chairman.

He began his career at Enron in Houston in the 1990s, but not before serving on a special ops helicopter crew in the army and spending time in Kuwait during the Gulf War, according to the report.

And it appears he has big plans for the company to expand, going forward: he's already reportedly poached managers from competitors like Mercuria and JPMorgan.

Read the full story over at Bloomberg »

SEE ALSO: Commodity prices to continue falling in 2015

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