WHG Global LB Fund - Factsheet & Performance Update - Nov/2025.
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Editor's note: Overview
- WHG RI Asset shared the November 2025 WHG Global LB Fund factsheet and performance update with an investor.
- The fund experienced a -7.8% loss in November, though the Year-to-Date performance remains at +39.6%.
- Negative performance was driven by a correction in Technology, AI, and crypto stocks, offset by gains in Consumer and Healthcare sectors.
Below is an email the hedge fund sent investors, followed by the latest tear sheet.
Below is a summary of the key themes that influenced this month’s results.
Performance
November: -7.8%
YTD: +39.6%
ITD: +113.3%
Monthly Commentary
November was marked by strong dispersion across sectors and by a reversal in the performance of assets viewed by the market as having elevated valuations. US equity indices remained broadly flat, while the correction was concentrated in Technology, AI, crypto, and growth stocks. The pullback in the AI trade, after months of extremely concentrated gains, led to substantial declines in semiconductors, software, and computing infrastructure. These losses were offset by strong performance in the Consumer and Healthcare sectors and, within Technology, by Google, which is increasingly viewed as one of the winners in AI. On the macro front, the Fed delivered a more conservative message regarding a potential rate cut in December, which limited risk appetite throughout the month.
Positive Highlights:
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