Looking back at Clarium’s descent and Loeb’s carbon cash

April 25, 2011   Suzy Kenly Waite

AR also revisits the birth of Panda.

One year ago
»» Clarium was in freefall. The firm’s ill-timed re-entry into equities led to a decline of 4.5% in 2008. Its bearish stance took Clarium's flagship macro fund down a further 25.2% in 2009, bringing assets at Peter Thiel’s firm to $1.4 billion in January 2010, down from a midyear peak of $7.35 billion in July 2008. Thiel’s downward spiral has continued. The flagship fund plummeted about 23% in 2010, leaving firmwide assets at $681 million by year-end. As of April 2011, the majority of the firm’s...


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