clarium - Gawker

posts about #clarium more →
The Peter Thiel Bubble

Your version of Internet Explorer is not supported. Please upgrade to the most recent version in order to view comments.

Dsmvwl Admin Promote to frontpage Approve user Ban user ×

ektorp
01/28/09

In reply to The Peter Thiel Bubble
Pretty miserable performance for a contrarian. He took a major hit just like everyone else.

This was probably why he was trying to distance himself from the controversy around his support for anti-immigration groups a couple of months ago. Redemptions to get cash out of his fund must have gone through the roof when markets tanked, and it's pretty hard to fundraise around Silicon Valley when you've been labeled a bigot.
Reply

ektorp was starred ektorp was unstarred

Owen Thomas
01/29/09

@ektorp: Or around the world, as he's been more wont to do recently. He's also moved the entire operation from San Francisco to New York -- Clarium has few Silicon Valley ties at this point.
Reply

Owen Thomas was starred Owen Thomas was unstarred

Matthew_Maurice
01/28/09

In reply to The Peter Thiel Bubble
I seem to remember that he mentioned that his growth came from shorting Financials and going long on oil. Back when oil was $140/bbl that made him a lot of money. The fact that it's less than a third of that now pretty much explains his problem.
Reply

Matthew_Maurice was starred Matthew_Maurice was unstarred

Owen Thomas
01/29/09

@Matthew_Maurice: Insiders tell me Thiel pursued the right strategies, but for too long, and didn't act to unwind his positions until after the market had already badly turned against him.
Reply

Owen Thomas was starred Owen Thomas was unstarred

jhva3
01/28/09

In reply to The Peter Thiel Bubble
He only lost 4.5%? That's pretty good performance in this market.
Reply

jhva3 was starred jhva3 was unstarred

Pepé Le Douche
01/28/09

@jhva3:

if it were a loss of 4.5% per annum it would be good but he was losing 4.5% per day and that is before payment of his fee
Reply

Pepé Le Douche was starred Pepé Le Douche was unstarred

Owen Thomas
01/29/09

@Pepé Le Douche: Specifically, he was up 57.8 percent in the first half of the year, and down 39.4 percent. See the difference between that and simply being down 4.5 percent?
Reply

Owen Thomas was starred Owen Thomas was unstarred

Pepé Le Douche
01/28/09

In reply to The Peter Thiel Bubble
Maybe Peter Thiel is so completely broke he isn't pimping his hedge fund--he's pimping himself at an hourly rate. And Michael Dell was too.

Peter and Michael so horny.
Reply

Pepé Le Douche was starred Pepé Le Douche was unstarred

Hydroceph
01/28/09

@Pepé Le Douche: They won't love you long time.
Reply

Hydroceph was starred Hydroceph was unstarred

Earlier discussions Other discussions Show all discussions Show featured discussions only Start a new discussion

#clarium

Gawker

SUBSCRIBE TO Gawker

The Peter Thiel Bubble

Login

Reset Password

Register

Submit Your Comment