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Sure, not all the numbers are end-December, but it must be a fair bet that Mulvaney avoided a Christmas seizure that might have seen the firm surrender its convincing lead over second-placed Tulip Trent.
Of course, some investors in the Mulvaney Global Markets Fund (the firm’s sole fund) will see the performance as just deserts. This avowed “trend follower” tends to go up and down like a yo-yo - in 2007 investors had to wear a loss of 23.1 per cent. Still, 2008 is the firm’s record since inception in 1999, boosted by a wonderful October when Mulvaney put on 45.9 per cent. Bets on interest rates, in seems, came up trumps.
Conversely, the website for 788 Asset Management Ltd states the following:
The Website is undergoing an update. the new version will be ready very soon.
For what it’s worth, the JetFin blog says the fund is managed by one Jacques Mechelany and turned in a positive performance of 115 per cent in 2007. According to 788’s corporate documents:
The Fund is designed to provide global investors with a unique vehicle through which to invest in China, with a favorably biased risk/reward ratio. Up to 80 % of the Fund will be invested through highly liquid indices, with constant stop losses and the ability to remain in cash during negative market trends.
Or at least it was!
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