Mulvaney Down 23% In 2007

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...