# Clarium Capital [[Peter Thiel]]'s global-macro hedge fund, launched in 2002 with proceeds from the eBay sale of [[PayPal]]. It peaked at roughly $7 billion in assets under management around 2008 before heavy losses on contrarian macro bets shrank it dramatically. Several future [[Founders Fund]] and Thiel-world figures passed through Clarium, including [[Bruce Gibney]], who worked there until 2008. The vehicle is an early node in the broader [[Thiel Network]]. > [!info] Stub > Minimum-viable page. Expand with AUM timeline, the 2008–2010 drawdowns, and the macro theses (peak oil, dollar collapse) that defined the fund.