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...