'We are pleased to deliver such a positive performance for our investors,' says Stephen Taylor, chairman and chief executive of Taylor Asset Management. 'In a challenging environment, when many funds are exiting the business, it was gratifying to both launch our fund, and begin making money for our investors.

'When we announced the launch of this fund several months ago, many people thought we were crazy. We respectfully disagreed. It remains our opinion that the current market environment represents a great time for making long term investments.'

The Taylor Fund focuses primarily on small-cap US stocks, with a current emphasis on selected emerging markets, basic industries, mining, real estate and financial companies.

'We believe 2009 will bring continued volatility and opportunity,' Taylor adds. 'We are well positioned and are constantly being presented with new investment possibilities. The level of fear and panic is off the charts. Rational, long-term focused investors should be able to benefit.'

The Taylor Fund is currently closed to new investors.