Thursday, 26 November 2015
Last updated 16 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.
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…