Tuesday, 21 April 2015
Last updated 9 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…