Returns in this sector were varied in February. Nef Nordic Power was up 7.34%, taking three-month numbers to 3.68%, while the DSAM Kauthar Commodity Fund was up 4.24%, leaving three-month returns at 1.01%. The interesting part of this fund is that it is a blend of four white-labelled managers: Tocqueville Gold Focus Fund, Lucas Energy Fund, Zweig-DiMenna Natural Resources Fund and BlackRock Global Resources & Mining Fund.
Permal Multi-Manager Natural Resources was up 1.3% to put three-month numbers at -0.15% and Pinnacle Natural Resources saw a February return of 1.04% put three-month figures at -0.74%.
Stenham Gold was