Who wants a long commute to work, especially after you’ve paid more than $70 million for a mansion on Palm Beach’s oceanfront?
Not, evidently, billionaire hedge-funder Paul Tudor Jones, who is opening up an office on Bankers Row for his Greenwich, Conn.-based Tudor Investment Corp., the company has confirmed. Jones’ hedge fund has $14 billion in assets under management, according to the most recent public figures.
The fund will become the sole tenant — leasing 10,800 square feet — at 109 Royal Palm Way, which is now a vacant freestanding building. With 44 parking spaces, the Midterranean-style building faces the beach at the corner of South Ocean Boulevard. It last housed SunTrust Bank, which relocated down the street last season.
The location will be Tudor Investment’s 10th office globally, according to spokesman Patrick Clifford. A timeframe for opening the office has not been announced.
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