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Clive Capital Reports Profit of 54 Million Pounds in 11 Months to Feb. 28

Clive Capital LLP, the London-based commodity hedge fund company founded by Chris Levett, reported retained profit of 54.3 million pounds ($88.3 million) in the 11 months ended Feb. 28.

The profit compared with 56.95 million pounds in the full year ended March 31, 2010, the company said in a filing at U.K. Companies House. The amount is shared by members, it said.

Profit before members’ remuneration and profit shares was 103.97 million pounds, the filing said. The share attributable to the member with the largest entitlement, including remuneration, was 83.9 million pounds, an increase of 12.5 percent, it said.

Clive Capital managed $5.1 billion as of May 1, according to a document distributed to investors. The firm acts as investment manager on behalf of Clive Capital (Malta) Ltd. and received 110.3 million pounds from the Malta-based company for the period ended Feb. 28, the filing said. Levett is the “ultimate controlling party,” it said. Two calls seeking comment from Levett were not returned.

To contact the reporter on this story: Chanyaporn Chanjaroen in Singapore at cchanjaroen@bloomberg.net.

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net.

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