Wednesday, 20 August 2014
Last updated 24 min 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note