Mergers & Acquisitions / Joint Ventures

Clive teams up with Goldman for new commodities index

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Goldman Sachs has teamed up with Clive Capital, the big London-based commodities hedge fund led by former Moore Capital man Christian Levett, to launch a new commodities index for institutional investors.

The index, which Goldman has begun marketing to its clients in the last few days, aims to minimise the risk of large losses by altering its exposure to individual commodities over time via a dynamic management process. It is targeted at institutional investors such as pension funds, foundations and endowments.

The index will track 19 raw materials from crude oil and gold to wheat, sugar and live