Sunday, 1 March 2015
Last updated 0 sec ago
Jun 7 2012 | 12:32pm ET
May was a tough month for hedge funds in a year that has been particularly hard on commodities funds. But one prominent player had a very merry month of May, indeed.
Clive Capital jumped 8% on the month. And the US$3 billion fund needed too: It was down almost 5% through the first four months of the year.
Instead, the London-based firm is now up about 3.5% on the year.
Most of Clive's May gains came in the first three weeks of the month, as the hedge fund booked a 7% return as oil prices fell through the floor. Clive also shorted European coal, natural gas and energy futures.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…