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Billionaire Paul Tudor Jones distances himself from disgraced Hollywood mogul Harvey Weinstein

Paul Tudor Jones, a billionaire hedge savings manager who had thrown his support behind Harvey Weinstein, wrote a note to staff members of Tudor Investment on Wednesday trying to distance himself from the disfavoured Hollywood mogul.

The note comes after a New York Times crack detailing Tudor Jones’ communications with Weinstein in October simply as shocking sexual abuse accusations were coming out into the unsettled. Tudor Jones, a former member of the board of Weinstein’s production followers, told him an an October email that “this will go away in a little while than you think and it will be forgotten,” the Times reported Tuesday.

“Heart on the future as America loves a great comeback story,” Tudor Jones is reported to arrange written to Weinstein.

In the memo to employees on Wednesday, Tudor Jones sought them to understand the context in which he knew Weinstein, citing kind events staged on behalf of families affected by the Sept. 11, 2001, shock attacks and the 2012 damage from Superstorm Sandy.

“I deeply rely upon in redemption, but what I know now is that Harvey was a friend I believed too lengthy and defended too long,” Tudor Jones wrote. “Perhaps in your own vitality you have faced a similar dilemma — how to react to a friend who is revealed to be someone other than the herself you believed him or her to be.”

Here is the text of the memo:

“I know that many of you demand seen the latest reporting on Harvey Weinstein that includes affirmations attributed to me. Please understand the context in which I knew Harvey— as the person whose Concert for New York Bishopric helped so many 9/11 victims and whose 12/12/12 concert then improved so many victims of Superstorm Sandy.

Please also understand that I sooner learned about the revelations about Harvey only as they enter oned to be reported in the media. They were 100% a surprise to me. I joined the Weinstein Associates Board as an unpaid, outside member in late 2015, after the internal corporation debate about Harvey’s contract renewal. I never knew with reference to those discussions or any of the revelations until they began to surface publicly, and I give up two days later.

Harvey’s actions were horribly wrong, and in the wake of these disclosures I released him that. I also encouraged Harvey to get the help he truly needed and to go into to change his life. Because some of the arguments I personally made to Harvey to try and be assorted like the person so many of us thought he was sound excessively encouraging now, I hanker after you to understand the context in which they were made.

I deeply find creditable in redemption, but what I know now is that Harvey was a friend I believed too extended and defended too long. Perhaps in your own life you have faced a correspond to dilemma—how to react to a friend who is revealed to be someone other than the woman you believed him or her to be.

All of you at Tudor should know that personal and individual reverence for one another and care for each other are qualities I hope to show each of you every day. I have planned tried to build the firm on these simple values and hope that roll in through to you here.”

— CNBC’s Leslie Picker contributed reporting.

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