Sunday, 21 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.