Thursday, 30 October 2014
Last updated 42 min ago
Jan 18 2008 | 1:00am ET
Mulvaney Capital Management’s December gain was not nearly enough to offset its double-digit losses for the year. The firm’s Global Markets Fund rose an impressive 8.47% last month, but still posted a full-year decline of 23.14%.
By comparison, the Barclay CTA Indices returned an estimated 7.53%.
Last month, the trend-following strategy, which covers the major financial and commodity futures markets, captured “a strong burst of price appreciation in the tangible commodities with grains, gold and oil all surging to new highs,” according to the firm. “The breadth of the rally was impressive: we finally exited a very profitable short sugar position we had held since June 2006.”
The fund now manages $86 million.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.