Tuesday, 7 July 2015
Last updated 27 min ago
Jun 13 2011 | 6:07pm ET
Clive Capital is lending its expertise to a new active commodities index offered by Goldman Sachs.
The world's largest commodity hedge fund is charged with altering the weight of the 19 commodities including in the index on a monthly basis, the Financial Times reports. Clive will use the Dow Jones-UBS commodities index as its starting point, and will have limited freedom: The hedge fund cannot move into commodities not included in the Dow Jones benchmark nor exclude any; it also cannot employ short-selling.
The index will feature such commodities as cattle, crude oil, gold, sugar and wheat.
Goldman, which launched the pioneering Goldman Sachs Commodities Index in 1991, is marketing the benchmark to risk-averse investors, including pensions, foundations and endowments.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…