Saturday, 5 September 2015
Last updated 17 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…