Friday, 31 October 2014
Last updated 12 hours ago
Aug 15 2008 | 7:22am ET
July was not kind to hedge funds, and Mulvaney Capital Management was no exception. The firm’s Global Markets Fund lost 18.78% dropping its year-to-date returns to 22.47%.
“Mounting concerns over global growth led to an abrupt sell-off in energy prices shortly after reaching new record highs,” according to the firm. “The most significant losses were booked in natural gas as a mild U.S. summer and recovering inventories exacerbated the decline. Favorable weather conditions and demand concerns also hurt our positions in cocoa and corn.”
“The interest rate sector added to this month’s losses as falling Australian and U.K. short-term rates had a negative impact on our short positions.”
The Global Markets Fund is a systematic, trend following vehicle that trades the major global financial and commodity futures markets.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.