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Tuesday, December 2, 2014

Oil's swoon on OPEC is rare boon for a few hedge funds

OPEC's decision not to cut oil output despite a market glut gave a late-month boost to several energy hedge funds in November, pushing them toward double-digit gains in a year marked by commodity fund closures. Greenwich, Connecticut-based Taylor Woods Capital Management, one of the larger U.S. energy hedge funds with nearly $1 billion under management, gained more than 5 percent last month and is up over 10 percent on the year, according to sources familiar with the firm's returns.

http://www.reuters.com/article/2014/12/02/hedgefunds-oil-idUSL2N0TM1QL20141202?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

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