Pivotal Point of View — November 2025

Published December 2025 · Covers November 2025

Originally issued as December 2025.

The Composite rose 0.6% in November, leaving it up 10.6% for the year on a Q4 of +3.0%. Equity Sector led at +2.5%; Event Driven lagged at −0.1%.

+0.6%Composite, November

+10.6%Composite, year to date

+3.0%Composite, Q4

Equity SectorLeading strategy

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Headline strategy indices

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.