Clarium Falls 18% In Oct., Wipes Out YTD Gains

Nov 6 2008 | 12:43pm ET

Just four months ago, Clarium Capital Management was on pace to post triple-digit returns this year. Now, the San Francisco hedge fund may just be happy to finish the year in positive ground.

The $5.2 billion firm, managed by PayPal co-founder Peter Thiel, lost 18% in October, wiping out what was left of its year-to-date gains and leaving it down about 3% on the year, Bloomberg News reports.

Through June, the highly-levered Clarium was up 58%. But then the market turmoil began to take its toll in a big way, and the fund has declined every month since. Last month’s drop was the worst in the fund’s six-year history.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of