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Opalesque Exclusive: Energy pushes Mulvaney Global Markets Fund to 38.96% YTD
The Mulvaney Capital Management Global Diversified Program, a long term systematic trend following program, was up 5.35% in May to a YTD of 38.96%. The fund has experienced some high volatility, to the upside (Jan. 2008 up 21.65%, February up 28.86%) while March and April were down (--7.96% and -8.58%). The program is now way ahead of its 2007 losses (-16.89% and -19.40% in July and August 2007), when it ended the year down -23.14%. Corporate website: Source
Toscafund denies rumors of stock portfolio liquidation
From Bloomberg.com: Toscafund Asset Management LLP, the London hedge fund founded by Martin Hughes, said market speculation that the firm is liquidating its $8 billion stock portfolio is false and may be an effort to manipulate prices.
``We are aware of the stories circulating in the market which are totally wrong,'' Hughes, 46, said today in an e-mailed statement. ``It is certainly not Tosca that is liquidating a portfolio.''
The firm's Toscafund Ltd. fell 17 percent this year through May 22, according to investors in the fund. Some of Tosca's largest stakes tumbled in European trading today... Full article:
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HFs that did not hedge commodities are big winners this year - Morningsta...................... To view our full article Click here
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