In summary...
All of Aurum’s commingled and bespoke fund of hedge funds $US classes delivered positive net returns over Q2 2026, ranging from 1.1% to 4.3%. Performance was driven primarily by equity and multi-strategy allocations while macro strategies detracted. The quarter was shaped by a broad recovery in risk sentiment and technology-led equity gains, although volatile oil markets and shifting rate expectations created a less consistent backdrop across other asset classes.