Clarium Down 23% After November Beating

Dec 6 2010 | 1:07pm ET

It's almost impossible to imagine, but Clarium Capital Management's 2010 may be even worse than its disastrous 2009.

The now-San Francisco based hedge fund—Clarium quit New York after less than two years to return to its Bay Area roots this summer—is down some 23% this year, it told clients. The fund took a particular beating last month, dropping 7.8% while the average hedge fund lost between 1% and 1.5%, according to industry indices.

What's more, the firm, which managed $7 billion less than two years ago, now has just $681 million in assets under management, Bloomberg News reports.

Barring the greatest December rally in market history, Clarium, which is run by PayPal co-founder Peter Thiel, will suffer its second-straight annual double-digit loss. The fund lost 25% last year and 5% in 2008.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note