Friday, 27 March 2015
Last updated 48 min ago
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.
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…