Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…