Headland's Global Diversified Fund returned +0.27% in November, bringing its YTD performance to +1.60%.
For the second consecutive month the fund was fully invested in cash, due to continuing volatility in the markets. The fund will look to reinvest in 2009, on the expectation that volatility will be lower. The Headland Global Diversified Fund invests in price trends in global bonds, currencies and commodities.
