Friday, 26 December 2014
Last updated 1 day 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.
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.