Performance and markets
  The Global Diversified Program Composite has achieved a positive return on over 54% of all trading days since inception.

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Mulvaney Capital Management Global Diversified Program Composite
Monthly Performance (%) Net of Fees
  1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Jan   -5.02% -9.62%   13.20% 4.19% -4.28% 11.09% 0.56% 21.65%
Feb   2.52% 18.76%   7.22% 8.45% 0.54% -2.70% -5.18% 28.86%
Mar   -8.40% 13.46% -7.52% -12.83% 2.37% 2.30% 13.05% -8.82% -7.96%
Apr   -0.27% -15.25% 1.55% 1.45% -11.50% -9.28% 11.46% 2.59% -8.58%
May -0.29% 6.97% -0.66% 6.75% 7.64% -6.99% -4.08% -4.27% 4.70% 5.35%
Jun -0.14% 1.55% 5.39% 7.38% -7.61% -0.73% 5.32% -6.10% 4.85% 8.51%
Jul -2.22% -1.25% -1.26% 5.95% -6.33% -0.41% 6.62% -5.20% -16.89%  
Aug 2.13% 12.68%   5.44% 0.07% -6.21% 2.78% 1.95%  -19.40%  
Sep -4.81% -4.36%   5.13% 6.66% 7.76% 13.57% 1.00% 3.92%  
Oct -4.80% 1.96%   -7.73% 15.32% 0.76% -5.64% -0.13% 13.72%  
Nov 7.01% 9.05%   -5.08% -0.27% 9.63% 15.27% 0.56% -8.59%  
Dec 4.84% 8.90%   7.80% 5.35% -4.94% 8.35% 1.60% 8.47%  
                 
Year 1.09% 24.51% 6.69% 19.37% 29.28% - 0.10% 32.34 % 21.94% -23.14% 50.78%

Monthly commentaries
  2000 2001 2002 2003 2004 2005 2006 2007 2008
Jan   Jan Jan
 Jan Jan Jan Jan Jan Jan
Feb   Feb Feb Feb Feb Feb Feb Feb Feb
Mar   Mar Mar Mar Mar Mar Mar Mar Mar
Apr   Apr Apr Apr Apr Apr Apr Apr Apr
May   May May May May May May May May
Jun   Jun June Jun Jun Jun Jun Jun Jun
Jul   July July July Jul July July July  
Aug   Aug Aug Aug Aug Aug Aug Aug  
Sep   Sep Sep Sep Sep Sep Sep Sep  
Oct Oct Oct Oct Oct Oct Oct Oct Oct  
Nov Nov Nov Nov Nov Nov Nov Nov Nov  
Dec Dec Dec Dec Dec Dec Dec Dec Dec  



Risk disclosure

Futures trading is speculative and involves substantial risk of loss. Risk and return reports are for use by persons who have received a current Mulvaney Capital Management Ltd disclosure document.

This communication is directed only at persons who have professional experience in matters relating to investments referred to herein. You should note that any investment or investment activity to which this website relates is available to and will be engaged in with such persons only. Persons who do not have professional experience in matters relating to the investments referred to on this website should not rely on it.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE

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