Monday, 1 September 2014
Last updated 3 days ago
Jul 10 2008 | 6:03am ET
Clarium Capital is shaping up to be this year’s Paulson & Co.
The $6.4 billion San Francisco hedge fund is up almost 58% in the first half, it told investors. The firm returned 16% last month, with 8.9% of the return coming on U.S. equity investments and the remaining 5.6% coming from foreign stocks.
Clarium, which was set up by PayPal co-founder Peter Thiel, follows a global macro strategy.
The firm’s strong June follows similarly impressive months in January and May, when it rose 24.4% and 11.2%, respectively, Reuters reports. The only black mark on its first-half record was a 9.9% drop in March.
Last year, New York-based Paulson & Co. made headlines posting triple-digit gains by betting against mortgage-backed securities. Like Paulson last year, Clarium has enjoyed a corresponding jump in assets under management, as new money chases performance. The firm’s assets under management rose almost 70% in the second quarter, up from $3.8 billion at the end of March.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...