Mulvaney Cools Off In August

Sep 15 2008 | 7:53am ET

After a hot start to the year, Mulvaney Capital Management’s Global Diversified Fund is finding the summer downright chilly.

The fund, which was down 18.78% in July, lost another 6.73% in August, cutting its year-to-date gains to 14.22%.

The firm said August’s drawdown was a byproduct of the “combined impact of a strengthening dollar and mounting global recession fears.” Mulvaney’s losses in energy, precious metals, livestock and grains were partially offset by its gains in cocoa, which rallied on West African crop disease concerns.

The fund managed US$89 million as of the end of August.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of