Goldman, Clive To Unveil Commodities Index

Goldman Sachsis set to roll out a commodities index in partnership with commodities hedge fund,Clive Capital,金融时报》reports. The index, which will track 19 raw materials from crude oil and gold to wheat, sugar and live cattle, will be marketed to risk-averse institutional investors, such as pension funds, foundations and endowments.

The index will seek to minimize the risk of large losses by altering its exposure to individual commodities over time. Clive Capital, run byChris Levett, a former trader at macro fundMoore Capital, will decide each month the amount of each commodity the index should hold.

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