Taconic Capital Advisors LP

Taconic Capital Advisors LP is a hedge fund sponsor based out of New York City, New York. The company was originally established in 1999 by Frank Peter Brosens and Christopher Lord Delong, both of whom were former Goldman Sachs Partners and both of whom are still with the company today acting as its principals with DeLong acting as the CIO. Taconic Capital Advisors “follows a disciplined, replicable investment process that aims to identify investment opportunities with three distinct elements: inefficiencies, catalysts and a margin of safety.” The company conducts its research internally, utilizing a fundamental and quantitative methodology to make its investment decisions. Taconic Capital Advisors invests in the public equity and fixed income markets on a global scale. The company invests most heavily in the consumer discretionary sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the information technology, which makes up another quarter of its allocations, industrials, health care, and finance sectors, among other sectors to a lesser degree, in order of decreasing allocation. Taconic Capital Advisors holds its allocations for 2.5 quarters on average, which holds true for the firm’s top 10 allocations as well which is unsurprising seeing as how the company’s top 10 allocations make up over 70% of the firm’s total holdings. In the most recent quarter, Taconic Capital Advisors has had a turnover rate of approximately 66.7%. Taconic Capital Advisors oversees over $9.8 billion in total assets under management spread across 16 total accounts, all of which are discretionary accounts. Although the firm’s total number of accounts has been volatile in recent years, its overall assets under management has risen despite some volatility as well, increasing from $7.9 billion back in 2010 to its current amount. Taconic Capital Advisors currently caters exclusively to pooled investment vehicles.