The Mulvaney Global Markets Fund, a specialist managed futures fund, has awarded its fund administration and custody business to the fund services division of LaSalle Global Trust Servi
The Mulvaney Global Markets Fund, a specialist managed futures fund, has awarded its fund administration and custody business to the fund services division of LaSalle Global Trust Services.
The Mulvaney Global Markets Fund, which is currently open to new investors, is a global diversified managed futures fund that invests in the Mulvaney Capital Management Global Diversified Program.
The programme uses a proprietary trading system to identify trends in commodities, currency, financial and energy futures markets.
The fund’s US dollar class returned 108.87 per cent last year, and up to the end of November the programme had achieved an annualised return of 19.83 per cent since launch.
The fund was launched in March 2002 and is aimed at fund of hedge fund investors, family offices, private wealth managers and other institutional investors. Domiciled in Bermuda, it has a minimum investment of USD100,000 and is listed on the Irish Stock Exchange.
Mulvaney Capital Management was formed in 1999. It has assets under management of USD120m at the end of November 2008.
