Crake Asset Management started trading on October 1

Martin Taylor shut down Nevsky Capital three years ago. He’s now proving that the rare top-performing managers can stay away for long.

Taylor has returned to the markets with Crake Asset Management. The firm started trading last week after it raised $1.6 billion.  

The firm is now closed to new money for the next two years, according to a report from Bloomberg. It is considered the largest hedge fund startup in Europe for 2019.

Martin Taylor is a top-performing hedge fund manager

Based in London, Crake Asset Management isn’t charging the traditional 2 and 20 fees common in the industry.

Bloomberg reports that he planned to charge 0.5% and 10% on performance for the first half of his capital raised. He would further charge 1% in management fees and 12.5% in performance fees for the rest. However, the report indicates that Taylor may cut fees. Bloomberg further explains that Taylor would cut fees because he raised more money than his initial target. 

Finally, Taylor launches his fund with a stellar track record. From 2000 to 2016 – the duration of Nevsky Capital – Martin averaged an annual return of 18%. Bloomberg cites data that this performance beat peers by 10 times for the period. 

[For more hedge fund launches, read: Hedge Fund Solel Partners Launches with $600 Million AUM]