Terrific Taylor Trip

June 15, 2011 James Heinsman Hedge Fund News

Taylor Woods Master Fund Ltd.’s Mega Growth

The people at Blackstone Group LP may have initially been criticized for what was seen by some as taking a risk. Just last year, it gave $150m in capital to Taylor Woods Master Fund Ltd. for startup purposes. But it seems like that risk really paid off since the latter has now grown “to more than $500m.” But the company’s goals are set even higher now as it aims to expand to double of that. Just by looking at its figures one can tell that Taylor Woods may not be so far off in its expectations. According to a report in the Bloomberg News, in its first four months its return was 3.22 percent.

General Hedge Fund News

In general, hedge funds have been doing pretty well, acquiescing $4.7bn last month, with $100bn during the first five months of 2011, which, according to Eurekahedge Pte., is the highest figure since 2005. However, in May also, there was a slump of close to 7 percent in the Standard & Poor's GSCI Index of 24 raw materials. This was the highest monthly loss in a year “amid concerns that the global recovery may be faltering.” According to George Beau Taylor, the company’s CIO, “the pullback from May highs has provided an opportunity to enter the market at attractive levels.” Last month’s figures for the fund saw “bullish bets equal to 79 percent of assets compared with 75 percent at the end of April.”

Other Taylor Gains

Taylor Woods Master Fund Ltd. made other gains too. In May there was a gain of 0.6 percent from energy investments and Taylor pointed out that “gains in oil, U.S. power and U.S. natural gas were somewhat offset by losses in coal.”

Blackstone Group LP, Eurekahedge Pte, Standard & Poor's GSCI Index, Taylor Woods Master Fund LLC,

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