Friday, 6 March 2015
Last updated 10 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…