Mulvaney Fund Doubles In 2008

Jan 16 2009 | 2:03pm ET

Mulvaney Capital Management’s Global Markets Fund closed out 2008 the way it started the year: hot. The fund gained another 5.3% last month, leaving it up 108.87% for the year, its best annual return ever.

The firm said performance last month was strong in global interest rate markets: Central banks around the world continued cutting rates in light of the bleak economic outlook.

“The movements in interest rates had a positive impact on our currency basket and a detrimental effect on our stock indices position. Our positions in livestock and energy added to last month’s gains as the slump in demand threatened to outpace supply reductions,” it said.

The fund also captured a strong rally in cocoa, “where uncertainty over supplies out of the Ivory Coast and a depreciating British pound pushed prices in London to a multi-year high.”

The Global Markets Fund manages US$128 million. 


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of