Annapurna Global Macro, LP Wins Prestigious Hedgeweek US Award

TAOS, N.M., Nov. 10, 2026 — Annapurna Global Macro, LP, a commodity pool operated by Annapurna Capital GP, LLC, an NFA member and CFTC-registered CPO and CTA, won the 2026 Hedgeweek US Award "Performance of the Year for a Discretionary Macro Fund under $1bn." Citadel won the award for "Performance of the Year for a Discretionary Macro Fund" the year before. The award is based on industry-standard performance indicators submitted by the manager for the period of April 2025 through March 2026.

"Winning this in our first year of managing outside capital speaks to our skill set and serves as a solid proof of concept of our policy centric engine which we hope drives outperformance for years to come. Thanks to our investors and the women in our lives who put up with us," said Marshall Brandt, Chief Investment Officer.

"We're excited to make our QEP-only strategy available to non-custodial SMAs, so that eligible investors can gain access to the strategy," said Chief Compliance/Operations Officer, Lukas Larsson. 

Will Steffe, Portfolio Manager, touted the CTA launch by saying, "we seek to control our leverage so that investors can decide how much risk they take in the CTA SMA structure across funding levels. From inception in February 2025 through October 2026, the fund has an average 4.41% margin to equity usage with a 6.39% annualized volatility."

Grant DeFehr, Annapurna's President, noted the lack of correlation: "Since inception through October 2026, the fund has a negative correlation of -0.14 to the S&P 500. Our strategy is highly differentiated as it relies on anticipating and monetizing policy changes."

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This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy interests in any investment vehicle. Any offer will be made solely to QEPs as defined in CFTC Regulation 4.7 and only pursuant to the final offering documents, which should be carefully reviewed before investing. Past performance is not necessarily indicative of future results. Trading in futures and other derivatives involves substantial risk of loss and is not suitable for all investors. Please see additional disclaimers by visiting www.annapurnafunds.com. Annapurna was awarded without payment to Hedgeweek but does have a paid agreement to license the winner's logo and for a manager interview.

SOURCE ANNAPURNA FUNDS, LP