Bloomberg – Clive Capital LLP closed its $3.98 billion commodities hedge fund, the world’s largest, to new money after posting its biggest monthly gain since May.
The fund returned 4 percent last month, led by precious metals and agriculture, according to two people with direct knowledge of the matter. Reopening the fund to new money will depend on its “focus and scrutiny of market liquidity and portfolio diversity,” according to a report to investors. A spokeswoman for Clive Capital declined to comment.
