Will Andor’s Strong November Keep it Positive for the Year?
Daniel Benton’s tech-focused hedge fund firm is known for big month-to-month swings, meaning that, given its single-digit YTD return, it may finish the year in the red despite a big gain last month.
Technology specialist hedge fund firm Andor Capital Management posted strong results for November.
However, the Rye Brook, New York, firm led by Daniel Benton is headed for its second straight rough year. In addition, the firm’s normally concentrated long-short equity fund, which is characterized by huge monthly swings in performance, has heavily pared back its overall market exposure in recent quarters, especially in the September period.