Thursday, 26 November 2015
Last updated 10 hours ago
May 22 2008 | 1:59am ET
Mulvaney Capital Management continued its slide in April, dropping a further 8.58% to bring its year-to-date return to 31.9%. The firm’s US$105 million Global Markets Fund started off the year gaining over 50% in January and February.
Last month, the fund’s position in Japanese government bonds sustained significant losses as consumer inflation in Japan hit a decade-high and speculation of a rate hike led the biggest sell-off in five years, according to founder Paul Mulvaney.
“The continuing correction in gold and the recovery in livestock prices also had a negative impact on the P&L account,” said Mulvaney. “The losses were partially offset by our gains in Cocoa, which rallied on West African supply concerns.”
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…