In summary...
Aurum’s commingled and bespoke fund of hedge funds $US classes delivered positive net returns over Q4, with performance ranging from 3.4% to 5.2%. Returns were driven primarily by multi-strategy allocations across all portfolios, with systematic and macro strategies also providing strong and consistent contributions. The quarter saw episodic volatility driven by US China trade developments early on and renewed sensitivity to AI-related equity valuations later, with Aurum’s diversified, low-beta approach remaining resilient throughout.
