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.
