Friday, 27 March 2015
Last updated 3 hours ago
May 12 2010 | 9:52am ET
Clarium Capital Management is continuing its losing ways.
The New York-based hedge fund, headed by PayPal founder and Facebook investor Peter Thiel, took another big hit in April, pushing its assets—once $7 billion—to under $1 billion. Clarium fell 6.5% last month, the New York Post reports, leaving it down roughly 10% on the year. The average hedge fund returned more than 1% in April and is up roughly 4% on the year.
The losses cut Clarium’s assets under management to just $976 million.
Clarium lost 4.5% in 2008, though that isn't too shabby considering the average hedge fund lost double-digits that year. Unfortunately, the fund was down 25% in 2009, when most hedge funds were well in the black.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…