Clarium Capital

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Key Facts

Founded2002
Websitehttp://clariumcapital.com
HeadquartersSan Francisco
Other OfficesNew York
Employees55
AUM$1.6 billion
AUM as ofNovember 30, 2009
StrategiesMulti Strategy

Overview

Clarium Capital is a hedge fund based in San Francisco with offices in New York. It was founded in 2002 by Peter Thiel (who previously made $55 million selling his stake in PayPal to ebay)http://www.stockpickr.com/port/Clarium-Capital/ . They hold $1.6 billion in assets under management as of November 30, 2009. 2005 Global Macro Fund of the Year by MarHedge and Absolute Return magazineshttp://media.ft.com/cms/02fd5a42-f338-11db-9845-000b5df10621.pdf

Look for big ideas to exploit - research focushttp://clariumcapital.com/jobs.php

No management fee is charged, only a performance fee of 25%.

$2 billion under management as of 12/31/2008, down from a peak of $7.3 billion before the credit crisis.

Historical Performance

Down 16.4% through November, 2009http://www.nypost.com/p/news/business/thiel_facing_big_loss_5uBnDnncMbzrf1yL6cFbOI
Up 6.7% in January, 2009http://dealbreaker.com/2009/02/dear-clarium-cronies.php

Returned -4.5% in 2008, including:
* Up 57.9% in the first half of 2008
* Down 39% in the second half of 2008
* Up 24.4% in January, 2008 (shorting financials and the dollar)http://www.marketwatch.com/news/story/clarium-surges-recent-bets-against/story.aspx?guid={36B1CB3E-4CBA-43EA-8629-6A6D30E60AC6}

Returned 40.3% in 2007, including
* Up 1.7% in February 2007http://www.hedgefundintelligence.com/ar/Article.aspx?PositionID=22836
* Down 10% in March 2007
* Up 9.8% in October 2007
* Up 5.4% in November 2007
* Up 13.1% in December 2007

Returned 65.6% in 2003http://www.nypost.com/seven/07102008/business/clarium_returns_climb_119274.htm

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