Chicago-based Taylor Asset Management has launched a new hedge fund to focus on small-cap equities with an emphasis on restructuring, turn-around, and event-driven opportunities.

Additionally, the Taylor Fund will pursue opportunities in the emerging market small-cap area. 

“I am extremely excited to launch this fund and believe there are some tremendous opportunities for thoughtful investors during these turbulent times,” said Stephen Taylor, chairman of the eponymous firm. “I believe the current market may be experiencing an irrational lack of confidence. The best time to buy is when everyone else is selling.”  

The Taylor Fund has both onshore and offshore investors and is administered by Transcontinental Fund Advisors.