Hedge Funds

Clive near to close as assets top $3bn


Clive Capital, the high-performing commodity fund founded by former Moore Capital star trader Christian Levett at the end of 2007, is getting ready to close its flagship fund to new investments.

The Clive Master Fund now manages just over $3 billion in assets, and the firm is looking to hard close when assets reach $3.5 billion.

The fund has returned nearly 14% this year through August, in what has been a difficult year for many commodities-focused funds, and the returns have been very consistent - with the fund recording only one down month this year.

Levett has a long