Clive, Merchant Up Double-Digits Through Nov.

Dec 15 2010 | 1:49am ET

A pair of prominent commodities hedge funds have reaped rich returns in 2010.

Clive Capital's eponymous fund and the Merchant Commodity Fund are both up by double-digits, well ahead of the average hedge fund. The returns are particularly impressive for Merchant, headed by former Cargill traders Michael Coleman and Doug King, as the US$1.4 billion fund was down almost 20% through the first four months of the year and stayed in the red until it posted a 12.7% return in September.

The fund, which has enjoyed positive returns for seven straight years, is up 14.4% this year, despite losing 4.6% last month, Bloomberg News reports. The fund blamed the setback, its biggest drop since April, on agriculture trading, calling November "the most volatile month in commodities for over a year."

The US$4 billion Clive Fund is up 11.3% this year after returned 0.56% last month.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.