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Komfie Manalo, Opalesque Asia:

Taylor Woods Capital Management, which in 2015 was one of the best performing hedge fund firms, is on a downward spiral this year after its commodities hedge fund fell 7.3% in the first five months of 2016, reports indicated.

George "Beau" Taylor’s Taylor Woods Master Fund Ltd., is suffering its longest losing stretch since 2011 after the fund lost money in every month this year. Although the fund was able to gain some profits from its metals position in May, its bets in the energy markets resulted in a 1.2% decline for the fund during the same month.

Taylor Woods’ poor performance is in sharp contrast with the positive gains by many commodity hedge funds. Data compiled by eVestment showed that commodities hedge funds shrugged off the problems plaguing other money managers at the start of this year, as investors piled into the long-suffering sector. Following more than three years of negative sentiment, investors returned to the commodities sector in the middle of last year and have since allocated $5.4bn (£3.7bn).

The allocations come during a torrid time for hedge funds which have had to grapple with the slowing global economy, disappointing performances as well as crowd......................

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