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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of