Friday, 25 July 2014
Last updated 17 hours ago
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.
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…