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more about #privateequity 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 » 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 » Joshuman: Somebody please chop the first 30 seconds off the video. Also, ye with sports cars, please hang up and drive, especially if you are hammering the thro... more » Cheap Shot: The video would be much better if he had crashed. more » Alfisted: Dammit! I mean... nothing to see here... move along. more » -
#therich
A Tech Idol's Comedown
Remember how brightly Peter Thiel's star was shining just last year? The PayPal co-founder's early Facebook investment started looking brilliant, his hedge fund returns were stellar and he debuted on the Forbes 400 list. My, how things change. 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 » -
#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 » -
#leaks
Tesla Motors Moneyman Revs His Mouth on Camera
A mysterious video of a Tesla investor talking about a rumored investment in the company has popped up on YouTube. Valleywag has identified the blabbermouth: Victor Morgenstern, chairman of a Chicago private-equity fund. More » -
