The Commodity Strategies Long Only Fund gained +0.21% in February, and is up +0.74% in 2009, while the Long/Short Fund lost -0.26% but is up +1.20% YTD.
The February return for the Long Only Fund was mainly influenced by returns (positive and negative) in metals - nickel and zinc providing strong gains, offset by losses in platinum, silver (NY) and wheat red (KBOT).
The Long/Short Fund, which is leveraged 1.5 to 1 for long positions and 0.6 to 1 for short positions, made significant losses in zinc and nickel, among other commodities. Positive returns in platinum, cotton and cocoa were not enough to prevent an overall negative return for the month.
