Global Return Asset Management commentary for the month ended November 30, 2019.
Q3 2019 hedge fund letters, conferences and more
Dear Friends and Partners,
In November we generated a net return of 6.3%, bringing our year-to-date net return to 39%.1
We ended the month with 18% of assets in Cash and a Net Market Exposure of negative 54%.
Question: If you were starting a sports footwear company would you hire an over-weight smoker who never played sports? What about a paraplegic in a wheelchair, would you hire this person?
Most people wouldn't.
It's easy to think that neither...


