Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Clive Capital Shuts Down

Sep 22, 2013
Jing Chen

London-based hedge fund firm Clive Capital is closing its doors at the end of the month following three consecutive years of losses.

Financial Times
reported that Clive, one of the world's largest commodity hedge funds, will return capital back to investors in the next couple of weeks. The firm called its directional, long volatility strategy "unsuitable," and admitted that it could not generate the returns it did in its earlier years.

While the firm made clients over 44% in 2008 during the financial crisis, Clive lost 9% in 2012 and is down another 9% so far this year.

Launched in 2008 by former Moore Capital start trader Chris Levett, Clive currently has about $1 billion in assets.

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