Wednesday, 17 December 2014
Last updated 13 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.