In summary…
Aurum’s commingled and bespoke fund of hedge funds $US classes delivered positive returns over Q3 2024, with performance ranging from +0.5% to +2.0%. Macro and multi-strategy funds were the main contributors to performance, while systematic and event driven strategies were more modest contributors to performance. Equity strategies detracted from performance in funds with an allocation to the strategy. Interest rate decisions, geopolitical tensions and inflation data releases caused volatility across the quarter.
