CTAs: JWH recovers


Following a loss in February that left managed futures statistically flat for the year, CTAs got back into the black in March, rising a median 1.71% for the month, according to the Absolute Return Managed Futures Index. Portfolios that were long precious metals, particularly gold, accounted for some portion of this success. The AIS Gold Fund climbed a hardy 18.8%, while the JWH Financial and Metals Portfolio, a strategy that has been struggling in recent months, cleared an impressive 11% for the month. Other big winners include the AIS Futures MAAP Composite fund, which rocketed 14.22%. Two funds