Friday, 22 August 2014
Last updated 11 min ago
Oct 5 2006 | 4:39pm ET
Beacon Rock Capital Partners has a new minority partner and a new name. The St. Thomas- and Miami-based hedge fund manager’s majority owner and chief investment officer, Trevor Taylor, has bought out his old partners, brought in a new head of business development and is hoping to launch his second fund by year's end.
The newly-christened Innovative Options Management—Taylor’s old partners are still using the Beacon Rock name for other ventures—came into being on Sept. 1, and remains the adviser for the former Beacon Rock Capital Fund, now the Innovative Options Fund. In addition to his new managing partner Steven Susano, the old-new firm has “hired additional people to fill the back office positions inherited from my last partners,” Taylor said.
With the changeover out of the way, Taylor is focusing attention on a short-only fund (FINalternatives, 3/31/06) that he began work on at Beacon Rock. “With the transition that just took place, we put that on the back burner a little bit,” he said. The new fund will still require a $500,000 minimum investment and charge a 2% management fee and 20% performance fee.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note