Wednesday, 4 March 2015
Last updated 1 hour ago
Jun 7 2010 | 1:57pm ET
Clarium Capital Management, the hedge fund run by PayPal co-founder Peter Thiel, hasn’t had much good news to give its dwindling band of investors recently. But the New York-based firm was able to offer some last week: A strong May had helped it cut its year-to-date loss almost in half.
Clarium rose about 4% in May, The Wall Street Journal reports. After dropping roughly 10% over the first four months of the year thanks to a difficult March and April, the hedge fund is now down only 6% on the year.
Last month’s gains may also have pushed Clarium’s assets back above $1 billion; once $7 billion, the firm’s assets had fallen to just $976 million after April’s decline.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…