Goldman Sachs, Clive Capital Initiate Commodities Index, FT Says
Stock Chart for Goldman Sachs Group Inc/The (GS)
Goldman Sachs Group Inc. (GS) and London- based Clive Capital LLP, the largest commodities hedge fund, are to introduce a commodities index, the Financial Times reported, citing a person familiar with the matter.
The index, which Goldman has begun marketing to clients, will seek to lower the risk of large losses by modifying its exposure to individual commodities over time. Clive Capital will determine on a monthly basis how much of a specific commodity the index should hold, the FT said.
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