Clive Capital, the world’s largest commodity hedge fund, has been left nursing losses of more than $400m as a result of the dramatic collapse in the price of oil last week.
London-based Clive – which manages an estimated $5bn of client money – is the biggest of several big hedge funds believed to be reeling after the unexpected sell-off hit markets late last week.
Others, including Astenbeck Capital, the Phibro-owned fund run by Andrew Hall, are thought to have taken double-digit percentage point losses to their portfolios, according to investors.
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