Saturday, 30 May 2015
Last updated 21 hours ago
Nov 5 2010 | 12:04pm ET
Clarium Capital Management will almost certainly suffer its third-straight losing year, barring a miraculous turnaround over the next two months.
The firm, once again San Francisco-based after leaving New York this summer, is down 17.1% through October, Bloomberg News reports. If the trend holds, the hedge fund founded by PayPal co-founder Peter Thiel will lose double digits for the second year in a row, after dropping 25% last year.
The $742 million firm’s flagship lost 1% last month. The average hedge fund added a similar amount and is up about 4% on the year.
Clarium has posted the losses despite the hedge fund-favoring climate. The firm lost less than 5% in 2008, when the average hedge fund lost double-digits, but failed to rebound last year with the rest of the industry, which enjoyed a nearly 20% average return.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…