Taconic raises more capital


Taconic Capital Advisors, the New York-based hedge fund firm founded by former Goldman Sachs partners Frank Brosens and Ken Brody, is planning to reopen its Taconic Opportunity Fund to additional capital this month.

 Frank Brosens

Taconic Opportunity, a more concentrated and somewhat more volatile version of the firm's event-driven fund, was launched in December 2004. It quickly raised $182 million by mid-2005 and then catapulted to $650 million by the end of the year. Performance of Taconic Opportunity was strong enough for it to be nominated for the Best New Fund of the Year award by Absolute