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Clive Hedge Fund Pays Partner $34 Million After Losing Year

Clive Capital LLP paid its top-earning partner $33.5 million in the 12 months through February as the commodity hedge-fund firm managed by Chris Levett posted losses for clients for a second straight year.

The company’s three partners Levett, 43, Richard Boland and Elizabeth Holstein, received a total $39.2 million, Clive said in a filing to the U.K.’s Companies House. The fund, which awarded its highest-paid member $60.8 million in the previous year, didn’t identify details of the compensations.