Saturday, 25 October 2014
Last updated 21 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.