Hedge Fund Second Curve Updates Its Taylor Capital Position

| About: Taylor Capital (TAYC)

We just wanted to post a quick minor portfolio update from Tom Brown's hedge fund Second Curve Capital. In a Form 4 filed with the SEC, we see that the hedge fund was adding shares of Taylor Capital Group (NASDAQ:TAYC). Keep in mind that this transaction represents indirect ownership for Second Curve. As noted on the filing, the nature of this indirect ownership is "By advisory clients of Second Curve Capital, LLC."

At any rate, we see Second Curve acquired 10,000 shares at a price of $12.46 on March 29th, 2010. After this transaction Second Curve now shows ownership of 1,330,191 total shares. We recently also posted some other position updates out of Tom Brown's camp for those interested and you can also view the rest of Second Curve's portfolio here. Brown of course runs a fund focused specifically on the financial services sector.

Taken from Google Finance:

Taylor Capital Group "serves as the holding company for Cole Taylor Bank, primarily engaged in commercial banking. The Bank provides a range of products and services primarily to closely-held commercial customers and their owner operators in the Chicago metropolitan area."