Saturday, 28 November 2015
Last updated 14 hours ago
Mar 19 2008 | 1:03am ET
Talk about getting off to a fast start. After losing 23.14% last year, alternative asset manager Mulvaney Capital Management gained back virtually all of its losses in January and made off with a 28.86% gain in February.
U.K.-based Mulvaney’s $127 million Global Markets Fund’s gains were fuelled by a “broad, powerful rally in commodities,” according to the firm. The fund’s most profitable sector was grains, “where demand continues to grow despite the massive surge in prices.”
“The last decade has seen the biggest grain price shock in living memory, but the peak-trough multiples of this episode are still some way below extreme levels reached in the 17th and 19th centuries,” wrote the firm in an investor letter.
The fund’s non-commodities trades including in the foreign exchange, interest rate and stock index markets made “scant” contributions to its profits and losses.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…