Sunday, 28 December 2014
Last updated 3 days ago
Feb 14 2008 | 12:46pm ET
What a difference a month makes. Mulvaney Capital Management’s Global Markets Fund last month nearly made back what it lost in 2007, advancing 21.65% against a loss of 23.14% last year.
The hedge fund firm attributed its gains to January’s global stock market volatility resulting in aggressive Federal Reserve Board action that “spurred a buying spree in precious metals, agricultural commodities and interest rate futures.”
Other favorable developments for the fund included a cocoa rally on dry, hot weather in West Africa and livestock prices declining on growth of the U.S. herds. The fund did take “ an isolated loss in oil on a pullback from the recent highs.”
The Global markets Fund currently manages $98 million in assets.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.