In summary...
Aurum’s commingled and bespoke fund of hedge funds $US classes were largely positive over Q1 2026, ranging from -0.1% to 4.8%. Positive attribution early in the quarter was partly offset by losses in March. Performance was driven primarily by multi-strategy, systematic and equity allocations, while macro and event driven were more mixed. The quarter was shaped by shifting rate expectations, tariff uncertainty and rising geopolitical tensions, culminating in more erratic cross-asset price action towards the end of the quarter.
