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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of