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Stocks, currencies boost European hedge fund returns in November, sources say

Global stock and currency markets helped European hedge funds finish November with positive results, as markets surged on a U.S. election win for Donald Trump and the Republicans, performance numbers seen by Reuters on Wednesday showed. These performance details included some hedge funds that profited from so-called Trump trades which punished tariff-sensitive assets from European exporters to Mexico's peso and drove investment towards U.S. stocks and the dollar. Sharp moves globally in currencies and stocks helped the $700 million Paris-based Metori Capital Management to an estimated month-end performance of 4.6% for November in its Metori Epsilon Diversified fund, taking the 2024 return up to 13.4%, said a source familiar with the fund's performance.