Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

June 13 (Bloomberg) -- 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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.