Saturday, 28 November 2015
Last updated 19 hours ago
Dec 2 2011 | 9:07am ET
His ill-fated foray into hedge fund management is apparently no big deal for Peter Thiel.
The Clarium Capital Management founder, who made his money founding PayPal, netted more than $600 million for his latest venture capital fund. While Clarium has lost more than 90% of its assets in recent years thanks to a string of poor performances and investor redemptions, investors can't get enough of Thiel's Founders Fund.
That firm's fourth fund was heavily oversubscribed, taking in $625 million, more than its first three funds combined. Many of the newest fund's investors are veterans of Founders' earlier funds.
Thiel's latest VC fund will focus on education, robotics and consumer Internet companies, Founders said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…