Key Takeaways
- • The Mulvaney Global Markets Fund has delivered a 105.5% year-to-date return through April 2026, significantly outperforming the broader managed futures peer group, with a 24.4% monthly gain in April alone.
- • Despite exceptional performance, Mulvaney manages only approximately $500 million in assets, positioning it as a relatively small player within the CTA landscape relative to its outsized returns.
- • The fund has demonstrated consistent double-digit annual gains across five consecutive years prior to 2025, including an 83% return in 2024 and 89% in 2022, establishing a track record of sustained outperformance despite experiencing a near 10% loss in 2025.
- • Mulvaney's triple-digit gains in 2026 place it ahead of the broader managed futures cohort, which posted double-digit returns during the same period, highlighting significant performance divergence within the CTA space.
Summary
The Mulvaney Global Markets Fund is experiencing exceptional performance in 2026, with year-to-date gains of 105.5% through April, marking a dramatic outperformance versus its managed futures peer group. The commodity trading advisor posted a particularly strong April, advancing 24.4% during the month, according to CTA database records. This performance reinforces Mulvaney's position as a standout performer within the sector, where many competing managed futures funds have posted respectable double-digit returns but none have approached Mulvaney's triple-digit advance.
The fund's 2026 performance builds on an established track record of strong returns across multiple market cycles. Prior to experiencing a near 10% loss in 2025, Mulvaney had generated five consecutive years of double-digit gains, including an 83% return in 2024 and more than 89% in 2022. This multi-year performance history demonstrates consistency despite market volatility and suggests the fund's trading strategies have successfully navigated varied commodity and financial futures environments.
A notable aspect of Mulvaney's profile is the scale of its assets under management relative to its performance magnitude. The fund operates with approximately $500 million in AUM, making it substantially smaller than many of its institutional peers. This relatively modest asset base raises questions for institutional investors regarding scalability and capacity constraints, particularly as strong performance typically attracts capital inflows. The combination of exceptional returns and limited size has likely generated investor interest seeking exposure to the fund's strategies, though asset growth may present operational and strategic considerations for the fund manager.
The fund's 2026 performance builds on an established track record of strong returns across multiple market cycles. Prior to experiencing a near 10% loss in 2025, Mulvaney had generated five consecutive years of double-digit gains, including an 83% return in 2024 and more than 89% in 2022. This multi-year performance history demonstrates consistency despite market volatility and suggests the fund's trading strategies have successfully navigated varied commodity and financial futures environments.
A notable aspect of Mulvaney's profile is the scale of its assets under management relative to its performance magnitude. The fund operates with approximately $500 million in AUM, making it substantially smaller than many of its institutional peers. This relatively modest asset base raises questions for institutional investors regarding scalability and capacity constraints, particularly as strong performance typically attracts capital inflows. The combination of exceptional returns and limited size has likely generated investor interest seeking exposure to the fund's strategies, though asset growth may present operational and strategic considerations for the fund manager.
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.