Big WinnersMany of the top-performing stock-pickers were helped by their investments in tech and private startups, allowing them to easily double the S&P 500 Total Return Index’s 14% gain through November.
They included Coatue Management, Tiger Global Management and D1 Capital Partners, whose bets soared along with the Nasdaq and a sizzling market for initial public offerings.At the same time, macro managers, many of whom have complained about years of low volatility, finally got what they wanted.
The fallout from the Covid-19 pandemic triggered the biggest fluctuations in over a decade as the global economy ground to a halt and unleashed an unprecedented amount of monetary support from the world’s central banks.