Hyper Local News Pages

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

No comments:

Post a Comment

Useful criticism, helpful links and corrections and general comments are always welcome at Greenwich Roundup. Generally only spam ads and posts with very foul language get censored.

Contact me directly at GreenwichRoundup@gmail.com if you have a suggestion or comment you don't want publicized (but tell me so in your email).

I look forward to publishing your opinions.

COMMENTING RULES: We encourage an open exchange of ideas in the Greenwich community, but we ask you to follow our guidelines. Basically, be civil, smart, on-topic and free from profanity. Don't say anything you wouldn't want your mother to read!