Saturday, 25 October 2014
Last updated 20 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.