Funds show strength in February

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Absolute Return’s updated industry medians have supported early indications of February being a strong month for the majority of hedge funds, with the Absolute Return Composite gaining an estimated 1.3%.

In particular, managed futures and commodity hedge funds have built on strong January performance to display their noncorrelation to the general market. The Commodities Index rose an impressive 5.9%, bringing its year-to-date return to an outstanding 9.41%, while the CTA Index gained an estimated 4.45%, bringing its return to 6.53%. This highlights a remarkable turnaround for the CTA index – which struggled through much of 2007, but has now