European hedge funds, including Metori Capital Management and Marshall Wace, posted strong performances in November, driven by a surge in global stock and currency markets tied to Donald Trump’s US election victory which bolstered US equities and the dollar, according to a report by Reuters.
The report cites an unnamed source familiar with the matter as revealing that Metori, a Paris-based hedge fund managing $700m, saw its Metori Epsilon Diversified fund gain 4.6% in November, raising its year-to-date returns to 13.4%.
Marshall Wace, meanwhile, one of Britain’s leading hedge funds, recorded a 2.8% return in its Eureka fund, bringing its 2024 performance to 14.5%, with the firm’s Market Neutral Tops fund adding 1.75% in November, contributing to an impressive 21.49% year-to-date return, according to a separate source.
Winton Capital, which manages $13bn, reported 0.3% gains in its multi-strategy fund, achieving a cumulative 8.8% return for 2024. Its Diversified Macro fund delivered 0.2% in November, raising its yearly performance to 2.9%, according to another source.
Capital Fund Management (CFM) delivered returns ranging from just over 8% in its CFM Stratus Fund to an impressive 18.88% in its IS Trends fund, which manages $15.5bn, said a fourth insider.
Globally, hedge funds posted an average 1.4% return for November, marking a rebound after two months of flat performance, according to a note from JPMorgan Prime Brokerage. Stock-focused funds led the charge, with global equity hedge funds returning around 2%, bolstered by investments in North American stocks.
