Mulvaney Trounces Hedge Fund Indices

Nov 14 2008 | 11:51am ET

While most of the hedge fund industry is mired in drawdowns redemptions, one firm is actually on track for its best year ever. Mulvaney Capital Management reports that its Mulvaney Global Markets Fund advanced another 45.49% in October bringing its year-to-date returns to 85.43%.

The firm said its non-discretionary system seeks to identify long-term trends and avoid trading on ‘noise’ so when volatility rises, the system employs wider stops, which allowed it to generate significant gains across all sectors during the month.

“Conditions deteriorated spectacularly during early October with a sharp increase in volatility levels and several commodity and equity markets trading at new multi-year lows,” said the firm.

The Irish-listed fund is currently managing US$114 million in assets.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...