PayPal Hedge Fund Soars 24% In January

Feb 7 2008 | 4:08am ET

Hedge fund Clarium Capital Management has continued its blistering pace entering the new year.

The $4 billion San Francisco-based global macro fund returned 24.4% in January, according to MarketWatch.

Clarium returned better than 40% last year, after its decision in October to short highly-leveraged financial services names and the U.S. dollar. It returned 9.8% in October, 5.4% in November and 13.1% in December, when it boosted its short bets.

“We have begun a post-Long Boom phase that can be called the Long Goodbye,” Clarium predicted in August. “Returns during the Long Goodbye will be lower—perhaps half as much—than those of the Long Boom.”

Clarium Capital is run by PayPal co-founder Peter Thiel.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of