Clarium Capital Management LLC is an American investment management and hedge fund company that pursues a global macro strategy, that Peter Thiel founded in San Francisco in 2002.1 Clarium's assets under management grew to $8 billion in 2008 after which a series of unprofitable investments and client redemptions resulted in its assets declining below $1 billion as of 2011.4It is headquartered in New York City, and also has an office in San Francisco, California.5 The company was founded by Peter Thiel, co-founder of PayPal and early investor in Facebook.[6]