Armored Wolf Gains In Apple Inc. (AAPL), Loses In Gold In November

Armored Wolf’s global macro strategy pursues investments in a number of asset classes. The fund suffered as precious metals recorded one of their toughest months in November and gold declined 5.5%. John Brynjolfsson, CIO of Armored Wolf, notes in the monthly newsletter that the fund suffered on both the long and short side in November. Shorts in the euro, French bonds and Italian bonds detracted whereas longs in precious metals also ended on a loss. Gains in Apple, Revlon While Armored Wolf did not do well in commodity trading, the fund did well in its equity book. With only 13%…