Mulvaney Capital Management posted a 82.97% return for 2024, significantly improving from its 51.22% performance in 2023, according to a report by Reuters citing an investor letter.

The firm, which manages $352m in assets, engages in global futures and financial market trading, including smaller commodity markets, as highlighted in the letter.

Cocoa and coffee emerged as the top-performing commodities of 2024 in the sector, marking their second consecutive year of strong gains due to a global supply shortfall.

In comparison, managed futures funds delivered a 1.9% return for 2024, ending in November, as reported by hedge fund research firm PivotalPath.