Performance profile: Clarium's vision pays off


Clarium Capital Management's global macro fund was firing on all cylinders in 2007 as bets across a gamut of asset classes paid off to score an estimated gain of 40.3% for the year. By comparison, the HedgeFund Intelligence Global Macro Index posted a median return of 12.5%. The firm extended these gains into January, gaining 22% though January 25.

Clarium's largest gains were produced in the fourth quarter, when the fund - managed by Peter Thiel - bet against U.S. financial, housing and consumer-related stocks. The $4 billion Clarium also profited from being long oil, which briefly hit an