Clive Capital Down 6% In May

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…