Biggest commodity hedge fund loses $400m in oil slide

The Financial Times reports:

Clive Capital, the world’s largest commodity hedge fund, has been left nursing losses of more than $400m as a result of the dramatic collapse in the price of oil last week.

London-based Clive – which manages an estimated $5bn of client money – is the biggest of several big hedge funds believed to be reeling after the unexpected sell-off hit markets late last week.