Beau Taylor’s Taylor Woods Capital bounces back with strong First Quarter
|June 7th, 2013||
|Commodity hedge fund, Taylor Woods Capital, is finally hitting its stride after a rocky start over the last two years. According to Reuters, the George “Beau” Taylor managed fund, is up around 10 percent year-to-date.|
Taylor Woods Capital is reportedly poised to recapture investor funds lost to redemptions after high expectations turned to disappointment. The Blackstone Group-backed hedge fund, which was launched two years ago, started out by betting heavily on Brent crude, which ended up plunging, leading to two years of losses.
After raising more than $1 billion in its first year, Taylor Woods Capital assets fell to $800 million; however, after a strong first quarter, it now seeks the more stable assets of large institutions which are less likely to flee at the first signs of trouble.
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