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From Precy Dumlao, Opalesque Asia The Taylor Fund, L.P., a hedge fund managed by Chicago-based Taylor Asset Management, Inc., posted double-digit returns totalling +14.38% in the first quarter (Q1) of 2012. The S&P 500 index was up 12% in Q1.
Since the fund’s was launch in November 2008, Taylor Fund has posted a +138.80% cumulative return compared to +45.39% for the S&P 500 index, according to the fund's latest report. At its launch, Taylor Fun’s Chairman Stephen Taylor said he would focus primarily on small-cap equities with an emphasis on restructuring, turn around, and event driven opportunities. Additionally, the fund would pursue opportunities in the emerging market small-cap area, building upon Taylor’s experience as co-manager of his two other funds.
Nowadays, the focus of the fund remains small-cap, event driven equities, with long-bias. Current areas of focus include: metals and mining, energy, small and mid-sized banks, real estate and Chinese small-cap equities.
With its strong first quarter results, Taylor Fund was ranked 4th worldwide for the month of February in Barclay Hedge's "Equity-Long Biased" category. The Barclay Equity Long Bias Index is up 1.09% (est.) in March 2012, +9.12% YTD.
"This quarter’s performance was aided by the strong performance of New Zealand Energy, Ltd...................... To view our full article Click here
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