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Article: Clarium Down 9.9% In March
- Article from:
- Daily News
- Article date:
- April 7, 2008
- Author:
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Copyright informationCopyright 2008 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK (Reuters) - Clarium Capital Management LLC, a $3.8
billion hedge fund led by PayPal co-founder Peter Thiel, fell 9.9%
in March on foreign stock investments, but is still up 15% for the
year, the firm told investors in a note.
Clarium, a global macro fund that invests in commodities,
currencies, fixed income and equities, posted an 8.5% decline in
foreign equities, which worsened the month's returns. It didn't
specify its foreign equity holdings in the letter obtained by
Reuters.
Clarium's negative returns came amid what experts say is a
general slump in hedge fund returns in March, in tandem with stock
and bond markets worldwide. But the San Francisco-based firm has had
a good ...
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