Wednesday, 27 May 2015
Last updated 9 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…