The Excalibur Absolute Return Fund was up +1.77% in February, following a gain of +0.54% in January, bringing the Fund's 2009 return to +2.33%.
Excalibur noted that, although conditions are still challenging, current volatility levels are ideal for obtaining consistent returns without taking on unnecessary risks or leverage.
The manager also reported that the Fund's return for March is also looking positive. These impressive returns come after a gain of +12.23% in 2008 in extremely difficult market conditions.
