management founded san francisco california united states 2002 2002 1 founder peter thiel headquarters w. r. grace building new york 2 u.s. aum us 681 million website clarium.com footnotes references 3 4 clarium capital management llc is an american investment management and hedge fund company pursuing a global macro strategy . clarium was founded in san francisco 5 in 2002 by peter thiel co founder of paypal and early investor in facebook . 6 1 clarium s assets under management grew to 8 billion in 2008 after which a series of unprofitable investments and client redemptions resulted in its assets declining to between 300 400 million as of 2011 . 7 contents 1 company 2 history 2.1 recent performance 2008 2010 3 references 4 further reading 5 external links company edit inside the clarium capital office the company moved its headquarters from san francisco to new york city so that it was closer to wall street . 6 clarium is an employee owned firm that invests in public equity primarily in micro cap companies fixed income and hedging markets . the company s activities were temporarily put on hold while thiel worked at paypal and then activities resumed in 2002 . 3 unlike most funds which charge clients about 2 % of their total assets invested clarium charges a performance fee of 25 % of the increase in the fund s net asset value . 6 in june 2010 thiel closed the new york office to consolidate the company and its employees into one location at its san francisco office . 1 the firm employs fundamental and quantitative analysis to make its investments . it also conducts in house research to make its investments . history edit through a series of correct bets in the energy markets that global demand would cause an oil shortage clarium s 2002 performance was reported as impressive . 8 recent performance 2008 2010 edit clarium was down 4.5 % in 2008 9 down 25 % in 2009 10 and down 23 % in 2010 . 4 for the first half of 2008 the fund had a ytd return of 57.9 % . 11 at the start of 2008 the fund had 4 billion in assets under management 6 raised to 7.8 billion in june 2008 then dropped to 1.5 billion in july 2009 after investors withdrew money from the fund . 12 the fund lost most of its value in 2008 due to large bets against the us dollar in the hopes that it would drop in value . the fund subsequently lost 13 % in august 2008 and it lost 18 % in october 2008 . although the fund eventually recovered with losses of only 4.5 % for 2008 compared to the average of 20 % for other hedge funds most investors had already pulled out their investments . subsequent down years have reduced the fund s assets under management to 681 million as of december 2010 . 4 clarium capital management was reported to have had big losses in 2010 . 13 the firm has continued to struggle with bets that it made on inflation and the us dollar . 6 references edit 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 new york . google maps . 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 d e 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 . 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 . gawker . retrieved june 27 2010 . laing jon may 21 2011 . the happy warrior . barron s. retrieved 4 august 2011 . further reading edit clarium capital gained 4 % in may as deflation trade returned . wall street journal . june 4 2010 . external links edit official website clarium capital at crunchbase businessweek v t e paypal mafia individuals peter thiel reid hoffman max levchin ken howery luke nosek elon musk steve chen keith rabois chad hurley roelof botha jawed karim yishan wong eric m. jackson david o. sacks premal shah russel simmons jeremy stoppelman companies founded or co founded paypal linkedin youtube slide.com yelp geni.com yammer spacex tesla motors palantir technologies kiva.org investments friendster facebook powerset vator six apart zynga ironport flickr digg grockit ooma quantcast rapleaf smartdrive systems transferwise ping.fm nanosolar knewton kongregate last.fm tokbox xoom joost funds the founders fund clarium capital greylock partners sequoia capital other the paypal wars thank you for smoking the stanford review retrieved from https en.wikipedia.org w index.php title clarium capital & oldid 717587190 categories companies established 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