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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of