Clarium Capital
US$8 billion (peak) | |
| Website | clarium.com |
|---|---|
| Footnotes / references [3][4] | |
Clarium Capital Management LLC was an American investment management and hedge fund company pursuing a global macro strategy. It was founded in San Francisco[5] in 2002 by Peter Thiel, co-founder of PayPal and early investor in Facebook.[6][1] Its assets under management grew to $8 billion in 2008, after which a series of unprofitable investments and client redemptions shrank that to about $350 million as of 2011.[7]
Function and history
Clarium was an
The company stopped working while Thiel worked at PayPal and resumed in 2002.[3] In 2008, Clarium moved its headquarters from San Francisco to New York City.[8] In June 2010 Thiel closed the New York office to consolidate the company into one location at its San Francisco office.[1] By 2011, the company had shrunk by 90%.[9] It was considered defunct by 2013.[10]
Performance
2002
Clarium's 2002 performance, a series of correct bets in the
2008-2010
Clarium was down 4.5% in 2008,
References
- ^ a b c Kishan, Saijel (Jan 12, 2011). "Clarium Hedge Fund Shrinks 90 percent as Thiel Has Third Losing Year". Bloomberg. Retrieved 4 August 2011.
- ^ "Clarium Capital Management LLC - Company Profile and News". Bloomberg News.
- ^ a b "Clarium Capital Management LLC". BusinessWeek. Retrieved June 28, 2010.
- ^ a b c "Peter Thiel's Clarium Hedge Fund Falls 23% This Year"
- ^ Clarium Capital on Google Maps
- ^ a b c "Thiel's Hedge Fund Plummet". New York Post. Retrieved June 27, 2010.
- ^ Burton, Katherine (September 24, 2010). "Clarium's Thiel Says Dollar Is Undervalued as Deflationary Period Looms". Bloomberg. Retrieved 4 August 2011.
- ^ Tate, Ryan. "Facebook Backer Peter Thiel Escapes New York". Gawker. Retrieved 2018-08-17.
- ^ "Clarium Hedge Fund Shrinks 90% as Thiel Has Third Losing Year". Bloomberg.com. 2011-01-12. Retrieved 2023-01-14.
- ^ "Morning Brief: Jana Partners Has Best Year Since 2013". Institutional Investor. Retrieved 2023-01-14.
- ^ Zuckerman, Gregory (September 28, 2009). "Pessimism Exacts a Price on the Skeptics". WSJ. Retrieved 4 August 2011.
- ^ "Hedge Fund Portfolio Tracking: Peter Thiel's Clarium Capital, Q4 2008"
- ^ "Thiel's Clarium Capital reportedly hurting"
- ^ "Clarium hedge fund posts gains of 57.9 percent". Reuters. Retrieved June 28, 2010.
- ^ "The Quick Gutting of Peter Thiel's Clarium Capital" Archived July 8, 2010, at the Wayback Machine. Gawker. Retrieved June 27, 2010.
- ^ Laing, Jon (May 21, 2011). "The Happy Warrior". Barron's. Retrieved 4 August 2011.
Further reading
- "Clarium Capital Gained 4% In May As Deflation Trade Returned". Wall Street Journal. June 4, 2010.