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

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

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