Clarium Returns To Losing Ways

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.


In Depth

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note