Clive Back In Black After 8% May Jump

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.


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