According to Bloomberg 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.
Commodity funds have struggled to make consistent returns as
economic and political concerns roiled markets. Clive declined 8.8 percent last
year and 10 percent in 2011, according to two people with knowledge of the
matter who asked not to be named because the information is private….
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