In summary...
Aurum’s commingled and bespoke fund of hedge funds $US classes delivered positive returns over Q3 2025, with performance ranging from +0.5% to +2.7% net. Most strategy allocations were accretive to performance; with multi-strategy, macro and equity strategies providing the strongest contributions. The quarter was characterised by persistent market resilience despite ongoing geopolitical and fiscal uncertainties, underscoring the benefit of Aurum’s diversified and low-beta approach.
Cat bonds: fat tails and thin comfort?
Catastrophe bonds are the most visible component of the broader insurance-linked securities (“ILS”) have started to attract renewed investor attention including from hedge funds. This is understandable as the Swiss Re Cat Bond Index delivered returns of nearly…
Edge with hedge: Primer for equity long/short funds
Tipping points, tough truths, and the case for hope
