It is in this current market environment, with the CBOE VIX index, a measure of volatility, finishing the week well above 25, such challenging circumstances for long-only investors can translate into opportunity for noncorrelated strategies. Volatility can at times lead to a beta market environment of price persistence or reversion from correlation means where certain managed futures programs, relative value hedge funds and volatility players might be expected to shine. Such is the early result, as the latest January hedge fund performance numbers show a distinct trend for managed futures to be listed in the top twenty performers. As one...