In summary…
Performance for Aurum’s commingled fund of hedge funds $US classes ranged from +1.5% to +3.8% in the first quarter of 2024. Multi-strategy and systematic strategies drove the bulk of positive performance. Markets were generally buoyant, despite some higher than anticipated inflation data releases and forestalled interest rate cuts. Enthusiasm for AI/tech stocks supported equities. There was some weakness in bonds across January and February.
