Article: Clarium Down 9.9% In March

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 ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!