Wednesday, 30 July 2014
Last updated 1 hour 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.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…