Thursday, 28 May 2015
Last updated 49 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…