Wednesday, 20 August 2014
Last updated 11 hours ago
Jun 15 2010 | 6:56am ET
Commodity hedge fund Clive Capital suffered its biggest loss in almost two years in May, wiping out its year-to-date gains.
Losses in energy and metals investments pushed the London-based firm’s flagship fund down 6% last month. The fund’s Class B shares are now down 4.2% on the year, Bloomberg News reports.
“We had clearly become too optimistic as we entered May,” the firm told investors. “The third week of the month was the most challenging as almost our entire commodity portfolio lost money and our euro positions were of little help.”
The Clive Fund has US$3.9 billion in assets under management.
The average hedge fund lost between 2% and 3% last month. But the average commodity hedge fund did somewhat better, with losses of less than 2% on average.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note