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Nah, too risky at this point. If Clarium was still putting up numbers, maybe. But I doubt Calpers or any big institution is going to throw more money at a strug
by aswanson 14y ago
Nah, too risky at this point. If Clarium was still putting up numbers, maybe. But I doubt Calpers or any big institution is going to throw more money at a struggling outfit hiring high school kids to head the fund.
- foobarqux 14y agoDo you have any info about recent rates of return or AUM?
- aswanson 14y agoThe last public data I have on the fund was a 23 percent loss in 2010 with AUM dropping under 1 billion. My comment wasn't intended as a knock on Clarium or Thiel; I admire a lot of the man's thought process. It's just that institutional investors are extremely conservative and Ivy League/credential biased. So even highly successful funds would have a PR problem with actively seeking non-credentialed youth.