Maryland Pension Invests In Taylor Woods

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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 Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.