Key Takeaways
- • Mulvaney Global Markets Fund posted a 6.31% gain in May 2024, sustaining momentum in its systematic long-term trend-following strategy.
- • The fund has ended a three-year losing streak, with the broader Mulvaney Capital Management operation delivering 82.97% returns in 2024, up significantly from 51.22% in 2023.
- • Mulvaney Capital Management's Global Markets fund gained 67.4% during the recovery period, averaging more than 11% gains and demonstrating resilience in computer-driven hedge fund strategies.
- • The London-based firm, founded in 1999, operates a systematic trend-following program designed to capture absolute returns across both rising and falling markets through diversified global market exposure.
- • Mulvaney Global Markets Fund obtained an Irish Stock Exchange listing, expanding institutional accessibility and regulatory optionality for the flagship fund.
Summary
Mulvaney Global Markets Fund, the flagship strategy of London-based Mulvaney Capital Management, has posted a 6.31% gain in May 2024, continuing a notable performance turnaround for the systematic trend-following manager. The fund's recovery marks a significant inflection point after the firm endured a three-year losing period that pressured returns across its core strategies.
The magnitude of the recent performance recovery is substantial. Mulvaney Capital Management delivered 82.97% returns in 2024 overall, a sharp improvement from the prior year's 51.22% result. During the recovery phase, the Global Markets fund itself gained 67.4%, averaging more than 11% in gains and demonstrating renewed investor confidence in computer-driven trend-following approaches. This performance resurgence reflects the strategy's ability to capitalize on market dislocations and trending environments that have become more pronounced in recent market conditions.
Mulvaney Capital Management, established in 1999, operates a systematic long-term trend-following program that targets high absolute returns in both rising and falling market environments. The program invests across diversified global asset classes, positioning the strategy to benefit from directional market moves while managing downside through systematic discipline. This approach has historically provided institutional investors with non-correlated returns during periods of market volatility.
The firm has taken steps to broaden distribution channels for its flagship fund, obtaining a listing on the Irish Stock Exchange for the Mulvaney Global Markets Fund. This regulatory infrastructure supports institutional investors seeking exposure to the strategy while providing the fund with enhanced capital-raising capabilities and broader market accessibility. The combination of strong recent performance and improved distribution architecture positions the fund to attract renewed institutional capital after the extended underperformance cycle.
The magnitude of the recent performance recovery is substantial. Mulvaney Capital Management delivered 82.97% returns in 2024 overall, a sharp improvement from the prior year's 51.22% result. During the recovery phase, the Global Markets fund itself gained 67.4%, averaging more than 11% in gains and demonstrating renewed investor confidence in computer-driven trend-following approaches. This performance resurgence reflects the strategy's ability to capitalize on market dislocations and trending environments that have become more pronounced in recent market conditions.
Mulvaney Capital Management, established in 1999, operates a systematic long-term trend-following program that targets high absolute returns in both rising and falling market environments. The program invests across diversified global asset classes, positioning the strategy to benefit from directional market moves while managing downside through systematic discipline. This approach has historically provided institutional investors with non-correlated returns during periods of market volatility.
The firm has taken steps to broaden distribution channels for its flagship fund, obtaining a listing on the Irish Stock Exchange for the Mulvaney Global Markets Fund. This regulatory infrastructure supports institutional investors seeking exposure to the strategy while providing the fund with enhanced capital-raising capabilities and broader market accessibility. The combination of strong recent performance and improved distribution architecture positions the fund to attract renewed institutional capital after the extended underperformance cycle.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.