Hedge Funds Performance

Taconic continues comeback, seeks marketer


The firm shed $1 billion in the first half of the year but strong performance could quickly bring assets back.

   Ken Brody
Taconic Capital Advisors is searching for a senior marketer to help with its fundraising. Recent positive performance holds hope that the firm can reverse the asset declines it suffered following its losses in 2011.

Taconic has contracted recruiting firm Russell Reynolds Associates to add to its team, which includes marketers Jenny Fung and Laura Rose. Taconic and Russell Reynolds declined to comment.

The firm’s flagship event driven strategy, as represented by the $1.86 billion Taconic Opportunity Fund, is up 6.91% net of fees through July, beating the AR Event