The $5 billion Clive Fund, managed by Chris Levett, returned 4.9 percent last month, said two people with direct knowledge of the matter.
The fund, which invests in commodities and energy, gained 5 percent in the first two months, said the people, who declined to be identified because the information isn’t public.
Clive’s February performance compares with an average increase of 1.2 percent across hedge funds, as measured by the HFRI Fund Weighted Composite Index of Chicago-based Hedge Fund Research Inc.
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