Mulvaney Drops Almost 12% As May Batters Big Names

Jun 3 2011 | 2:07pm ET

Most hedge funds took a hit in May, but the bigger they are, it seems, the harder they fell.

Some of the industry's biggest names suffered the biggest losses last month, according to Lipper, and none more so than Mulvaney Capital Management's Global Markets fund, which fell 11.8% from May 2 through May 30, Reuters reports.

Well, almost none: Superfund's "C" share class lost 16.7% in May—but that's because its two-times levered. The standard "A" class fell 8.7%.

Other firms burned by the month's volatility, especially in the commodities market, were Aspect Capital, whose diversified fund fell 5.3%, and Man Group's flagship AHL strategy, previously reported to have lost 4.6% during the period.

SVM Asset Management's Highlander Fund lost 4.4%, Hermitage Capital Management's flagship Global Fund 2.6% and Odey Asset Management's European strategy 2.45%.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of