Annapurna Global Macro, LP Secures Hedgeweek US Award for Outstanding Performance in 2026

Annapurna Global Macro, LP Triumphs at the Hedgeweek US Awards

In a significant achievement, Annapurna Global Macro, LP has been awarded the prestigious Hedgeweek US Award for "Performance of the Year for a Discretionary Macro Fund under $1bn". This accolade, announced on November 10, 2026, underscores the fund's remarkable performance during its inaugural year of managing outside capital. The award was based on performance metrics collected from April 2025 to March 2026, showcasing the fund's impressive capabilities in the competitive hedge fund landscape.

Annapurna Global Macro, which is operated by Annapurna Capital GP, LLC—a recognized member of the National Futures Association (NFA) and a registered Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) with the CFTC—expresses pride in this recognition. "Winning this award during our first year managing external capital is a testament to our expertise and serves as a solid proof of concept for our policy-centric strategy, which we believe will drive outperformance for years to come," stated Marshall Brandt, Chief Investment Officer of Annapurna.

Notable competitor Citadel had won the corresponding award the previous year, further accentuating the significance of Annapurna's success in the macro fund arena. The accolade not only recognizes the fund's performance but also the innovative approach Annapurna has adopted in its investment strategy.

And the excitement doesn’t stop here. According to Lukas Larsson, Chief Compliance/Operations Officer, Annapurna is set to expand its qualifying eligible participant (QEP) strategy to non-custodial separately managed accounts (SMAs) to provide eligible investors with greater access. This shift aims to democratize their investment strategy, allowing more stakeholders to participate in this high-potential fund.

The fund's Portfolio Manager, Will Steffe, elaborated on this strategy's unique structure, highlighting their commitment to managing leverage. "We aim to control leverage so that our investors can dictate how much risk they are comfortable taking in the CTA SMA framework across various funding levels," Steffe remarked, reflecting on the leadership's strong focus on risk management and investor choice.

Throughout its operational history spanning from February 2025 to October 2026, Annapurna Global Macro has maintained an average margin to equity usage of 4.41% coupled with an annualized volatility of 6.39%. Such figures indicate prudent management of investor capital while also showcasing the potential for significant returns within reasonable risk parameters.

Annapurna’s President, Grant DeFehr, highlighted another impressive feature of their fund: a negative correlation of -0.14 with the S&P 500, since its inception. This statistic suggests that the fund's strategy not only remains robust in fluctuating market conditions but also differentiates itself from conventional market trends. This unique positioning is derived from their focus on predicting and capitalizing on policy changes, providing a smart edge in a rapidly evolving marketplace.

For more information or inquiries regarding investment opportunities, Annapurna encourages interested parties to reach out via their contact email. It’s crucial to note that this information is strictly for educational purposes and does not constitute an offer to buy or sell interests in any investment vehicle. Potential investors are advised to review final offering documents carefully before committing funds.

Through their ambitious strategies and groundbreaking performance, Annapurna Global Macro, LP is paving the way for future success in alternative investments, setting a high benchmark within the industry for years to come. As they continue to innovate and expand, the finance world will undoubtedly closely follow their journey and achievements.