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: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of