Wednesday, 1 July 2015
Last updated 2 hours ago
Jan 11 2013 | 1:20pm ET
Investors are fleeing Clive Capital after the commodities hedge fund suffered its second-straight losing year.
Redemptions and poor performance cut Clive's assets under management by 46% last year, Bloomberg News reports. The fund currently manages just US$1.95 billion, down from US$3.6 billion at the end of 2011.
Clive, founded in 2008, lost 8.8% last year. It fell 11% in 2011.
Most of Clive's asset drop occurred in the third quarter. It entered October with US$2.9 billion.
May 27 2015 | 2:15pm ET
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