The Commodity Strategies Long Only Fund, which returned an impressive +10.47% in 2008, was up +0.53% for January, outperforming its benchmark (the Reuters/Jefferies CRB Total Return Index) by +4.52%.
The Commodity Strategies Long Short Fund, which also performed strongly in 2008 (up +22.28%), recorded its fifth consecutive month of positive returns in Janaury, up +1.52%.
The Long Only Fund's January result was attributed to gains in silver, platinum and gold strategies, partially offset by losses in nickel. The Long Short Fund recorded both its largest gains and greatest losses in energy commodities, with gains in crude oil and natural gas offset by losses in RBOB gasoline.
