Mulvaney Capital Management Posts Exceptional 82.97% Return in 2024, Outperforming Managed Futures Funds

Mulvaney Capital Management achieved an impressive 82.97% return for the year 2024, showing a remarkable improvement from the 51.22% return it posted in 2023, as reported by Reuters, referencing a letter to investors. This notable performance underscores the firm’s ability to significantly increase its returns despite the challenges of an unpredictable global market.

With $352 million in assets under management, Mulvaney Capital specializes in global futures trading, targeting both major financial markets and smaller, niche commodity markets. The firm’s strategy, as detailed in the investor letter, involves a diversified approach to trading, which includes taking positions in markets that may not always be on the radar of larger players, allowing for potentially higher rewards.

Cocoa and coffee were highlighted as the standout commodities for the year 2024, continuing a strong upward trajectory for the second consecutive year. Both markets benefitted from ongoing supply shortages driven by various factors, including climate disruptions and labour issues in key producing countries. These shortages have contributed to significant price increases, fuelling the commodities' strong performance.

In contrast, managed futures funds, which typically focus on more traditional assets, saw more modest returns in 2024. As per PivotalPath, a firm specialising in hedge fund research, these funds returned only 1.9% for the year, as of November, illustrating a stark contrast to the gains posted by Mulvaney Capital.