Tuesday, 21 October 2014
Last updated 3 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...