Saturday, 23 July 2016
Last updated 19 hours ago
Jun 14 2011 | 12:34pm ET
Less than six months after its launch, hedge fund Taylor Woods has topped the $500 million mark.
The commodity fund debuted in February, backed by $150 million in seed capital from the Blackstone Group. The firm is headed by former Credit Suisse proprietary traders George Taylor and Trevor Woods.
The firm now manages in excess of $500 million, Bloomberg News reports. Taylor Woods was up about 2.5% through the first week of May, when it avoided the oil rout that sent many commodity hedge funds to double-digit losses.