After Months Of Losses, Clarium Up 4% In May

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.

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