Funds of Hedge Funds Performance

Aurum boosted by equities, macro


The Aurum Synchronicity Fund, a multi-strategy fund with a number of twists, was up 1.43% in February, taking year-to-date returns to 3.69%. The fund, which was launched in January 2002, is a concentrated funds of funds invested in a portfolio of best-of-breed managers allocated across an unconstrained range of regions and strategies.

In February, the fund benefited from its 47.2% allocation to equity strategies, as the managers were able to profit from the strong downward momentum in equities. The 14.2% allocation to macro managers benefited from steepening yield curves, widening emerging market sovereign credit spreads and the further