Hedge Funds Surge as CBA Short and Metals Rally Drive November’s Big Winners

Australia's hedge funds just delivered one of their strongest months of the year, riding the sharp sell-off in technology stocks, a correction in Commonwealth Bank, and a powerful surge in precious metals. The divergences between long-only managers and long-short strategies has rarely been pronounced, and November's performance shows exactly why.

Copper, Gold and a CBA Short: L1 Capital's Formula

L1 Capital's Long Short Fund posted a 7.5% return in November, extending its calender-year gain to 41.5%, one of the strongest among Australian hedge funds. . .