Cadence Capital Limited was down -6.38% after fees in November, bringing its YTD performance to -34.16%.
Although outperforming the All Ordinaries Accumulation Index (-7.2%) and the Small Ordinaries Accumulation Index (-9.6%) in November, the fund recorded a negative result to follow on from negative results in October and September. During November the fund significantly decreased their net exposure to the market from October (47.7% to 28.4%). Cadence Capital Limited is an Australian long/short equity fund, with a long bias towards small- and medium-capitalisation listed entities.
