Taylor Woods To Close Fund At $1.3 Billion

Mar 20 2012 | 1:36pm ET

Investors who want a piece of former Credit Suisse trader George Taylor's year-old commodities hedge fund are running out of time.

Greenwich, Conn.-based Taylor Woods Capital Management will close its Master Fund at the end of the month. By then, the firm will have raised almost $1.3 billion, more than twice the $500 million it targeted at its January 2011 launch.

Taylor Woods has managed to garner the money despite a disappointing first year. But Taylor told investors in a letter earlier this month that "conditions in 2012 will be far more optimal" than last year, Reuters reports. So far, so good: Taylor Woods is up 3.25% through March 9.

Taylor told investors that it planned to increase risk this year, likely leading to "more volatility in the portfolio due to the dynamic nature of the current markets." But, he added, "we believe the current conditions warrant the additional risk."

That risk has pushed Taylor from natural gas, where he made his name at Credit Suisse, towards oil. "We believe that event risk is extremely high with Western governments contemplating reserve releases, sanctions against Iran and potentially military action in the Middle East." Brent crude oil could become "the tightest commodity on the planet."


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of