Clive Soars 11% In September, Erases '11 Loss

Oct 13 2011 | 12:13pm ET

Clive Capital is back in the black after posting huge gains in September.

The US$4 billion commodity specialist soared 11.4% last month, wiping out what had been an 11% year-to-date loss through August, Bloomberg News reports. It is not clear what drove the firm's turnaround.

London-based Clive has been in the red since May. The fund lost almost 9% during that month's first week as oil prices hit the skids, ending the month down 4.2% on the year. Clive lost a further 8% in June.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.