On an asset-weighted basis, global fundamental long/ short managers finished November up 2.2% on the back of beta gains driven by the post-election rally in the U.S. Meanwhile, the MSCI Total Return Index rose 4.59% for the month. Year to date, fundamental long/ short managers have returned 13.66%, according to Goldman Sachs' November "Prime Insights & Analytics" report.
Alpha flat in November
Fundamental long/ short alpha finished November flat, up 0.05%. Losses on the short side offset positive alpha on the long side. Fundamental long/ short alpha has been positive for the last five months and in...
