Wednesday, 1 October 2014
Last updated 2 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...