Saturday, 1 November 2014
Last updated 22 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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