Goldman Sachs, Clive Capital Initiate Commodities Index, FT Says

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.

To contact the editor responsible for this story: John Simpson at jsimpson12@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.