Clive Cuts Fees After Losses, Redemptions

Feb 12 2013 | 1:46pm ET

Clive Capital will cut its fees by 20% after two down years that have seen its assets under management fall by nearly half.

The London-based commodities hedge fund said it would reduce fees for Class B shareholders to the industry-standard 2% for management and 20% for performance. The US$1.95 billion firm currently charges 2.5% and 25%, Bloomberg News reports.

The changes will take effect in April and will not affect Clive's operations, it said in a letter to investors Friday.

"As a result of two challenging years for the fund, we have decided to lower our Class B fees," Clive wrote. "We are positive about the opportunities in the commodity markets in 2013 and optimistic on performance going forward."

Clive lost 9.9% in 2011 and 8.8% last year. It had posted double-digit returns in the three prior years.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note