Clarium Capital's Peter Thiel and Passport Capital's John Burbank both had Octobers that they no doubt would rather forget. Clarium was down 18% in October, the fund's biggest monthly decline, having taken hits on bonds. The fund was up a whopping 58% through the first half of the year, but now is said to be down around 3% through October.
Passport is having a tougher year. John Burbank is said to have lost 38% for the month of October, bringing his losses for the year to around 44%.
Major ouch.
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Tags: Clarium Capital, Credit Crunch, Hedge funds, John Burbank, Passport Capital, Peter Thiel