Clarium Falls 10% In March, Up 15% In ‘08

Apr 7 2008 | 2:00am ET

It’s been easy come, easy go, for Clarium Capital Management this year. The San Francisco-based hedge fund posted a 24.4% return in January, but plunged 9.9% last month, it told investors last week.

On the bright side for those investors, the $3.8 billion global macro fund, headed by PayPal co-founder Peter Thiel, remains up 15% year-to-date, Reuters reports.

Clarium blamed the March decline on losses on foreign equity holdings.

Clarium returned in excess of 40% last year.

RELATED STORIES

PayPal Hedge Fund Soars 24% In January


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note