Bloomberg – Clive Capital LLP’s assets plunged 46 percent in 2012 after the commodity hedge fund lost money for a second year running and investors withdrew their cash, said two people with knowledge of the matter.
Clive ended the year managing $1.95 billion, down from $3.6 billion at the end of 2011, said the people, who declined to be identified because the London-based hedge fund is private. The fund declined 8.8 percent in 2012 after falling 11 percent a year earlier, causing some clients to lose patience with its investment performance, the people said.
