Clive Up 6.6% On Agriculture Sector

Oct 8 2010 | 12:06pm ET

Commodity hedge fund Clive Capital roared back into the black in September thanks to agricultural products.

The US$4 billion London-based firm' Clive Fund returned 6.6% last month, bringing its year-to-date return to 1.7%. September's rise was the fund's best since May 2009, Bloomberg News reports.

"The agriculture sector was the best performer with strong profits in corn, cotton, soybeans and the oilseeds and vegetable oil complex," the firm said in its report. "The fund was profitable in precious metals on the back of our length in gold, platinum and palladium."

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    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…