Statement From Paul Tudor Jones Apologizing for Remarks

Following is a statement released by hedge-fund manager Paul Tudor Jones about recent statements he made that suggested mothers can't be good traders.

As I've told my three daughters, all of whom I've at one time encouraged to go into macro trading, any man or woman can do anything to which they set their heart and mind.

My off the cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely less than a thousand successful practitioners in the world today. Macro trading requires a high degree of skill, focus and repetition. And there is no more important time for skill acquisition than the first ten formative years of a young person's career. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance but pass with time.

I believe that great success is possible in any field - from music to mathematics to macro trading - as long as a woman or man has the skill, passion, and repetitions to work through the inevitable life events that arise along the way.

Much of my adult life has been spent fighting for equal opportunity and the idea that I would support limiting opportunity for any segment of society, particularly women, is antithetical to who I am and what I have done. My remarks offended, and I am sorry.

Note: This statement has been revised by the issuer from an earlier version that appeared on this web site.