People Moves

Ex-CIC, Tudor veteran Bill Lu joining Ortus

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Bill Lu, the highly regarded former portfolio manager at Tudor Investment Corp, who until recently ran the hedge fund investments for China sovereign wealth fund China Investment Corp (CIC), is understood to be joining Hong Kong-based Ortus Capital Management as president later this month. This is a newly created role where he will oversee and provide guidance on Ortus’ day-to-day operations outside research and trading.

Lu’s appointment comes when Ortus is generating a significant buzz and seeing rapid growth in AUM, reaching $2.1 billion on the back of a solid gain of 27.89% for the flagship Ortus Fund