Thursday, July 10, 2008

June 10, 2008

Many hedge funds had a rough June, pummeled by falling equity and credit markets. But not Clarium Capital, the USD6.4 billion hedge fund founded by PayPal co-founder Peter Thiel. The San Francisco-based firm posted gains of 16 per cent in June, giving it year-to-date returns of a staggering 57.9 per cent, according to a note the firm sent to investors this week. It is unclear from the note how Clarium generated such outsized returns.
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1 comment:

Unknown said...

I'll tell you exactly how they did it: Clarium has been heavily long oil (futures) and related equities for several years now.

I think he was also bearish on leveraged finance like mortgages also, but don't have any details handy.

Either of those bets was exactly how you wanted to be positioned the past Q.

Harper Capital

July 11, 2008 at 12:44 PM

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