This long/short fund’s new quant strategy was a winner in November Despites Losses In Peloton Short

Aristides Fund LP was up 0.86% for November, while Aristides Fund QP, LP was up 0.84%. On a year-to-date basis, the former is up 9.56%, while the latter gained 9.62%. Through the end of November, the funds are tracking close to the HFRI Equity Hedge Fund Index, which is their benchmark.

Aristides beat this benchmark in 10 of the last 11 years, including the partial year in 2008. Managing member Christopher Brown is a big disappointed that they didn't do better this year, but no matter how December turns out, the fund has significantly outperformed its peers on a rolling 2-year, 3-year, 5-year...