Optimal Australia reports a return of +1.26% in February, making it their 24th consecutive positive month, but is taking a cautious view on markets

Merricks Multi Strategy Fund gains 0.70% in January with gains in the Market Neutral and Soft Commodity books driving returns

Long positions help Lanterne's Asia Pacific Fund to a positive return of +1.08% with gains from Onesteel, Newscorp and Santos the largest contributors.

Stock selection drives January's return of +3.03% for Macquarie's Asian Alpha Fund as emerging Asian markets underperform

Pengana's multi manager Global Bond Fund adds 0.7% in January as government bond yields consolidated, and credit markets benefited from a more stable yield environment

Commodity Strategies long only programme up 2.38% (gross) in January with gains from the energy and agricultural sectors driving the result

Merricks' Soft Commodity Fund rises 2.13% in January as long exposure to US and Australia, and short in Canada and Malaysia takes 12 month returns to +17.04%.

Mathews Capital's Velocity Fund returns 0.73% in January as their positions in the coal sector continue to drive performance to take 12 month returns to +47.64%.

Platinum Asset Management's International Fund (Australia's largest absolute return fund at over $9.5 bn. in FUM) adds 3.9% in January

Herschel's Absolute Return fund starts 2011 up 4.25% in January, with gains from both the long and short book, and taking annualised performance to 17.45% since inception.