Tuesday, 23 September 2014
Last updated 11 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.