Sunday, 29 November 2015
Last updated 1 day ago
Sep 20 2012 | 11:24am ET
A pair of high-profile commodity hedge funds continued their strong run last month.
Taylor Woods Capital Management, helmed by former Credit Suisse star trader George Taylor, jumped 6.3% last month, Bloomberg News reports. Brevan Howard Capital Management's Commodities Strategies Master Fund didn't do too badly, either, rising 4%.
For Taylor Woods, the rally, on the back of surging oil, gold and grain prices, could not have come at a better time, erasing its year-to-date loss and leaving the fund up 3.3% on the year. Taylor said that he remains bullish on oil, but has cut the fund's positions to hedge against a possible release from U.S. strategic reserves before the presidential election.
"While rumors of a reserve release have persisted since the spring, rising prices, likely additional monetary easing and political considerations make a release over the next four weeks more likely than last quarter," Taylor said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…