Hedge Fund November Performance
December 1, 2012 - 10:12am
November is now over, and hedge funds can count their lucky stars for the baseless November 16th rally, predicated by the now defunct notion that the GOP and Democrats are close to a Fiscal Cliff compromise (it increasingly looks that the real catalyst on the "cliff" will be the absolute debt ceiling hike deadline in March of 2013, meaning the US will go over the cliff, if only for three months). Had the unprecedented levitation in the middle of the month, the bloodbath would have been epic. As such, with a 13K close in the DJIA, and 1.3000 in the EURUSD, the Nov. 30 P&L it was far more palatable and the surge in redemption calls (and the resulting end of unjustified "2 and 20" fees) has been postponed by one more month. So who are the most prominent winners and losers: leading the table are the fund with European exposure, where the recent bipolar mania has Europe as being better, ...
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