Wednesday, 1 July 2015
Last updated 3 hours ago
Jun 10 2013 | 9:27am ET
The Maryland State Retirement & Pension System has hired former Credit Suisse trader George Taylor's energy-focused hedge fund to run a $50 million mandate.
The $42 billion pension said it moved the money from a passive commodities vehicle to Taylor Woods Capital Management at the beginning of the month. Taylor Woods becomes one of about 30 fund managers in Maryland's "real return" portfolio.
That portfolio currently represents 11.5% of the pension's assets, below its 14% target.
Taylor Woods is up 10% this year, Reuters reports.
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…