Thursday, 3 September 2015
Last updated 13 hours ago
Dec 6 2011 | 12:34pm ET
Taylor Woods' maiden hedge fund will close to new investors at the end of the first quarter, the firm told clients.
Greenwich, Conn.-based Taylor Woods, founded last year by former Credit Suisse traders George Taylor and Trevor Woods, said the impending soft-close was due to its burgeoning assets under management, which now stand above $1 billion despite the Master Fund's loss of 2.18% between its February launch and the end of October. Taylor Woods debuted with $150 million in seed capital from the Blackstone Group, a figure that had grown to $500 million by the summer.
Taylor Woods' year-to-date loss is slightly less than the average loss suffered by commodity hedge funds. About three-quarters of the firm's assets are invested in commodities, Bloomberg News reports.
"The volatility in the commodity markets will continue for the foreseeable future," Taylor wrote to investors.
May 27 2015 | 2:15pm ET
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