Taylor Woods, Brevan Howard Commods. Fund Jump In Aug.

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...