Wednesday, 23 July 2014
Last updated 4 hours ago
Apr 12 2010 | 8:06am ET
Few hedge fund firms need a turnaround like Clarium Capital Management. But the New York-based firm, headed by PayPal founder Peter Thiel, found little relief in March.
Clarium lost 4.6% last month, wiping out the small year-to-date gain it earned in the first two months of the year. The fund, which lost more than 25% last year, is down 4% this year, according to the New York Post.
Clarium also lost ground in 2008, falling 4.5%. That’s not too bad, considering the average hedge fund lost double-digits that year, but the firm had been up 58% in the first half of that year.
Clarium also extended its losing streak in another area: assets under management. The firm saw another $300 million disappear in the first quarter, leaving it with just over $1 billion. Less than two years ago, Clarium managed $7 billion.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…