Saturday, 25 October 2014
Last updated 16 hours ago
Dec 22 2008 | 6:36am ET
In a year when many hedge funds and asset management firms are seeing massive losses, one money manager is standing out from the pack.
Mulvaney Capital Management’s Global Diversified Program is on pace to its best year ever. The $120 million quantitative financial and commodity futures fund advanced another 6.97% in November, bringing its year-to-date returns to 98.35%.
According to the firm, the most profitable sector last month was interest rates, as deepening recession fears led to aggressive rate cuts by central banks across the globe.
“Incidentally, this had a positive impact on our forex positions,” the firm said.
Stock index and commodity trading also contributed positively to Mulvaney’s portfolio, as markets, in aggregate, ended the month moderately lower.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.