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COPYRIGHT 2005 Greenwich Time
Byline: Julie Fishman-Lapin
Oct. 14--A month after seeing high returns on its investment in software supplier Siebel Systems Inc., the Greenwich-based hedge fund Tudor Investment Corp. has taken a large stake in another software company. Last week Tudor Investment, the $12 billion hedge fund managed by Paul Tudor Jones, acquired 19.68 million shares of network software firm Novell, according to Securities and Exchange Commission filings. The equity purchase amounted to 5 percent of Novell's outstanding shares and makes Tudor Investment Novell's third-largest stock holder, behind Oppenheimer Funds and Capital Research.
Technology stocks have done well for Tudor Investment this year. According to SEC filings, Tudor, whose principal...
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