Clarium Down 17% This Year

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.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.