Maryland State Retirement & Pension System invested $50 million in Taylor Woods Master Fund, an actively managed long/short commodities hedge fund, on June 1, confirmed Michael Golden, a spokesman for the $42 billion pension fund.
The energy-focused fund is managed by Taylor Woods Capital Management.
Funding for the hire came from the reduction of a passively managed commodity fund that Mr. Golden declined to identify.
The Baltimore-based pension fund has a total of about $1 billion invested in commodities within its real-return asset class.
