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more about #clariumcapital more comments → stevenstevo: I'd say that's an accurate assessment of hedge funds. As a whole, hedge funds have not only underperformed relative to the overall market, but they h... more » Xazp: Only if one looks at the very short term can one conclude that Clarium has been poorly managed. According to the WSJ, they are up about 22% *per year... more » Unsolicited Advice: Saying Cramer is the face of hedge funds is patently ridiculous. Try guys like Paulson or Soros. If you're cheeky, say Blankfein. Cramer's a button... more » 1wish2fish: Real or not he'll be branded a loser by outflows. Analysts get bogged down in their own called reality of the economy, not realizing it's the psychol... more » Spiers: This is sort of nonsensical. (Sorry, Ryan.) Hedge funds are not a monolith. Some of them do well in recessions, some don't. It depends on the fund's s... more » Peoplefamiliarwith: As of August 14th (the date of Clarium Capital's last 14F filing), Clarium had a grand total of $13.3 MM in equity holdings. So if the fund is 'only' ... more » MissNormaDesmond: It continues to amaze me that no one learns anything. Does no one remember David Wetherell, Internet investment genius? Someone makes a couple of lu... more » momof3wildkids: Even with that substantial drop in capital -- $1.5 billion is still a big, big hedge fund. At a mere 1% for management fees per year -- whether he mak... more » BadUncle: So, that free market is a "fraud," Petey? Well, so much for the truth of libertarianism. more » random_play: Goodbye Owen! Thanks for everything. more » elvenjewel: Owen, your last post is by far your best. I for one will miss you. Good luck on your new beat. more » forwardmotion: I would say the LAST thing to love about the silicon valley is its people. Oh, and maybe all the metal poisoning more » bigleggedwoman: SHAKE IT MORE THAN TWICE AND YOU'RE PLAYING WITH IT. more » Drunken Economist: Me, I would have made Ryan work a little more for the post, but kudos for leaving the 'wag... without too many stretchmarks. Really. more » If_I_Had_a_Poodle: onward an upward ... all best more » -
#privateequity
Peter Thiel: Too Dignified For Hedge Funds
Peter Thiel is not a clown. The PayPal co-founder and Facebook investor sees right through bubbles and rampant, ongoing Wall Street fraud, or at least says he does. So why is he running a hedge fund, again? More » -
#rumormonger
Peter Thiel's Rough Summer
The S&P 500 is up slightly since the start of June, rising one percent, but we're told Peter Thiel's Clarium Capital is having a much worse time. In fact, the Pay Pal co-founder should avoid thinking about work this weekend. More » -
#privateequity
The Quick Gutting of Peter Thiel's Clarium Capital
The June numbers are in, and Peter Thiel's hedge fund is looking puny, having shrunk to just $1.5 billion in assets, from $7.8 billion in June 2008. Placed in an historical context, the PayPal co-founder's fund looks even worse. More » -
#privateequity
Peter Thiel's Depressing May
Even as Wall Street rallied last month, Peter Thiel's hedge fund lost close to $25 million, according to leaked documents obtained by Valleywag. Maybe this is why the PayPal founder has been grumpily calling people "frauds." More » -
#housekeeping
Valleywag: An Instruction Manual
Dear Ryan:
As I head to NBC to run its Bay Area site, I'm leaving you one Silicon Valley gossip blog, used but in good condition. A few thoughts on how to keep it that way. More » -
#schadenfreude
Peter Thiel's Richer Than You, But Not as Rich as He'd Like You to Think
It's one of many casually accepted, unchecked assumptions in Silicon Valley: Peter Thiel, the cofounder of PayPal and Facebook investor, is a billionaire, right? Leaked documents from his hedge fund, Clarium Capital, show he's not. More » -
#principles
Give Me Liberty or Give Me Taxpayer Money
Clever libertarians don't just rail against government spending: They do something about it. Facebook investor Peter Thiel took $8 million from New York's pension fund — while setting himself up to avoid millions in taxes. More » -
#nerdfight
Rachel Maddow, Peter Thiel Show Why Gays and Lesbians Can't Get Along
What a fight! In one corner, Rhodes scholar Rachel Maddow, the liberal lesbian MSNBC commentator. In the other, arch libertarian chess master Peter Thiel, the gay Facebook investor. Best of all, they've squared off before. More » -
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#siliconvalleytool
Facebook Backer Wishes Women Couldn't Vote
Peter Thiel, foremost among Silicon Valley's loopy libertarians and the first outside investor in Facebook, has written an essay declaring that the country went to hell as soon as women won the right to vote.
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#schadenfreude
The Peter Thiel Bubble
Peter Thiel, so-called visionary, is working CNBC hard at Davos. Why would that be the case? His hedge fund is $5 billion smaller than it was six months ago. More »
