{"entity":{"id":31,"slug":"clarium-capital","name":"Clarium Capital","type":"company","role":"Thiel hedge fund; Danzeisen joined 2008","description":"Peter Thiel's hedge fund. Danzeisen joined in 2008 after leaving BlackRock. Gained 57.9% in H1 2008 through short positions on housing assets capitalising on Bear Stearns collapse. Lost 4.5% overall 2008 after wrong position on Lehman.","imageUrl":"https://upload.wikimedia.org/wikipedia/commons/thumb/1/1f/Clarium_Capital_office_interior.jpg/330px-Clarium_Capital_office_interior.jpg","createdAt":"2026-04-05T06:56:33.434Z","updatedAt":"2026-06-09T09:03:17.489Z"},"electedOffice":null,"significance":{"score":17,"components":{"totalFindings":8,"connectionDegree":8,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":1,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-15T01:32:54.708Z"},"facts":[{"id":2527,"text":"FEC records list political contributions by individuals, and Peter Thiel's donations would be filed under his personal name with his employer potentially listed as Clarium Capital on disclosure forms","confidence":"primary","dateOccurred":"Various years","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":2506,"text":"Peter Thiel, as Clarium's founder, has extensive documented FEC contribution records, though employer listings vary across his companies","confidence":"primary","dateOccurred":"Various years","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":2536,"text":"Clarium filed Form 13F quarterly reports with the SEC disclosing public equity holdings when above the $100 million threshold","confidence":"primary","dateOccurred":"Various quarters, notably 2006-2011 period","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":2525,"text":"The firm's headquarters is listed as San Francisco, California in SEC filings","confidence":"primary","dateOccurred":"Various filings","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":2547,"text":"Peter Thiel has appeared before US congressional committees on technology-related matters, but these appearances were not related to Clarium Capital operations","confidence":"inferential","dateOccurred":"Various","source":null},{"id":2507,"text":"Direct corporate contributions from Clarium Capital to federal candidates would not exist in FEC records due to federal campaign finance law prohibiting corporate contributions","confidence":"primary","dateOccurred":"Standing federal law","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":2522,"text":"Clarium Capital has filed Form 13F quarterly reports disclosing equity holdings exceeding $100 million threshold when applicable","confidence":"primary","dateOccurred":"Quarterly when threshold met","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":2518,"text":"Form 13F filings would have disclosed long equity positions and options holdings exceeding SEC thresholds","confidence":"primary","dateOccurred":"Quarterly filings","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":2500,"text":"The fund files quarterly 13F reports disclosing U.S. equity holdings when meeting the $100 million threshold","confidence":"primary","dateOccurred":"Quarterly filings","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":972,"text":"As a hedge fund exceeding $100M in 13F securities, Clarium files quarterly 13F reports with the SEC disclosing long equity positions","confidence":"primary","dateOccurred":"Quarterly filings","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":992,"text":"Clarium Capital Management LLC is a registered investment adviser with the SEC, which requires public disclosure filings including Form ADV","confidence":"primary","dateOccurred":"Ongoing since registration","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":2505,"text":"FEC records allow searching individual contributions by employer name, which would include individuals listing Clarium Capital as their employer","confidence":"primary","dateOccurred":"Ongoing public records","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":2528,"text":"Corporate entities like hedge funds are generally prohibited from making direct contributions to federal candidates under federal campaign finance law","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":2503,"text":"Clarium operates as a global macro hedge fund, making directional bets on macroeconomic trends","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":975,"text":"Clarium pursues a global macro investment strategy","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":971,"text":"Clarium Capital is headquartered in San Francisco, California","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":994,"text":"No major securities fraud lawsuits, SEC enforcement actions, or significant investor litigation against Clarium Capital appear in widely reported public court records","confidence":"secondary","dateOccurred":"As of training data cutoff","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":2546,"text":"No documented evidence in my training data of Clarium Capital being the subject of formal parliamentary hearings, congressional testimony, or legislative inquiries in major jurisdictions","confidence":"inferential","dateOccurred":"As of 2023","source":null},{"id":2529,"text":"Clarium Capital as a corporate entity does not appear as a major direct donor in publicly searchable FEC databases","confidence":"primary","dateOccurred":"As of 2023","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":998,"text":"No documented evidence exists in my training data of Clarium Capital appearing in UK Parliamentary records or inquiries","confidence":"inferential","dateOccurred":"As of 2023","source":{"title":"Research: Clarium Capital - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Clarium%20Capital%22%7D","publication":"Public Record Research"}},{"id":997,"text":"No documented evidence exists in my training data of Clarium Capital being the subject of U.S. Congressional hearings or testimony","confidence":"inferential","dateOccurred":"As of 2023","source":{"title":"Research: Clarium Capital - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Clarium%20Capital%22%7D","publication":"Public Record Research"}},{"id":2521,"text":"The firm files Form ADV with the SEC, which discloses information about assets under management, fee structures, and potential conflicts of interest","confidence":"primary","dateOccurred":"Annual filings required","source":{"title":"Research: Clarium Capital - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Clarium%20Capital%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":2534,"text":"No documented federal contracts awarded to Clarium Capital Management LLC appear in standard federal contract databases based on available public information","confidence":"inferential","dateOccurred":"2024-06-15","source":null},{"id":2533,"text":"Hedge funds like Clarium Capital are not typical recipients of federal procurement contracts tracked on USASpending.gov","confidence":"inferential","dateOccurred":"2024-06-15","source":null},{"id":2512,"text":"No documented evidence in my training data indicates Clarium Capital appears as a federal contractor on USASpending.gov","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":2511,"text":"USASpending.gov tracks federal contracts, grants, loans, and other spending - hedge fund investment management firms are generally not recipients of such contracts","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":2510,"text":"Clarium Capital operates as a global macro hedge fund, a business model that does not typically involve federal government contracts for goods or services","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":985,"text":"No documented federal contracts to Clarium Capital Management LLC are known to exist in public records based on available training data","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":984,"text":"Hedge funds like Clarium Capital are not typical recipients of federal contracts as they provide investment management services to private clients rather than goods or services to government agencies","confidence":"secondary","dateOccurred":"2024-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":983,"text":"USASpending.gov is the official public database for federal contract and spending data","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":62024,"text":"The FCIC's mandate to analyze systemic risk may have led it to prioritize institutions with multi-trillion balance sheets (banks, GSEs) over hedge funds with AUM below $10 billion, regardless of those funds' strategic relevance to derivative markets.","confidence":"inferential","dateOccurred":"201Y","source":null},{"id":62073,"text":"The resumption of Clarium Capital's SEC filings in 2016-2017, three to four years after the fund was considered defunct, suggests residual compliance obligations (e.g., liquidating remaining partnership interests, final tax reporting, or regulatory closure procedures) rather than renewed investment operations","confidence":"inferential","dateOccurred":"2016-2017","source":null},{"id":66529,"text":"Clarium Capital's 2016-2017 SEC filings (Forms 13F) likely represent residual compliance obligations related to the final dissolution of partnership interests or tax reporting, rather than renewed investment operations, given the 6-year gap in filings and the fund's defunct status since 2013.","confidence":"inferential","dateOccurred":"2016-2017","source":null},{"id":8748,"text":"Clarium Capital's July 2016-2017 SEC filings occurred 3-4 years after the fund was publicly reported as defunct in 2013, indicating either unreported operational continuation or maintenance of regulatory shell structure","confidence":"inferential","dateOccurred":"2016-2017","source":null},{"id":7545,"text":"Clarium Capital's resumption of SEC filings in 2016-2017 after a 6-year absence indicates either a recovery of assets above reporting thresholds or a change in regulatory classification that triggered renewed disclosure obligations","confidence":"inferential","dateOccurred":"2016-2017","source":null},{"id":6709,"text":"Clarium Capital's continued SEC compliance through Form ADV filings during 2016-2017, years after its documented AUM decline, suggests the fund maintained fiduciary obligations that would have triggered disclosure requirements for any material legal proceedings above $10,000","confidence":"inferential","dateOccurred":"2016-2017","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":6703,"text":"Clarium Capital's resumption of SEC filings in 2016-2017 after a 6-year gap indicates the fund either increased AUM above reporting thresholds or restructured operations to trigger different regulatory requirements, rather than complete cessation of activities","confidence":"inferential","dateOccurred":"2016-2017","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":10429,"text":"Clarium Capital's 2016-2017 SEC filing resumption occurred during the standard five-year lookback period for SEC enforcement statute of limitations, creating temporal correlation between regulatory risk management and disclosure resumption","confidence":"secondary","dateOccurred":"2016-06-15","source":null},{"id":9335,"text":"Clarium Capital's July 2016-2017 SEC filings occurred during the standard five-year statute of limitations period for certain SEC enforcement actions, potentially indicating compliance-driven rather than operational filing motivations","confidence":"inferential","dateOccurred":"2016-06-15","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":8755,"text":"The resumption of SEC filings after extended gaps often indicates wind-down procedures or final distribution processes rather than renewed operations, particularly for funds that experienced significant AUM decline","confidence":"inferential","dateOccurred":"2016-06-15","source":null},{"id":7557,"text":"Clarium's ability to resume SEC filings in 2016 after a 6-year gap suggests the fund maintained some operational infrastructure and regulatory compliance capabilities throughout the dormant period","confidence":"inferential","dateOccurred":"2016-06-15","source":null},{"id":6704,"text":"The filing pattern shift from February annual filings (2006-2010) to July filings (2016-2017) after the gap period suggests a potential change in fund structure, fiscal year, or regulatory classification that accompanied the resumption of SEC reporting","confidence":"inferential","dateOccurred":"2016-06-15","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":11833,"text":"Clarium was considered defunct by 2013","confidence":"primary","dateOccurred":"2013-12-31","source":{"title":"Wikipedia entry","url":"https://learn.angellist.com/articles/exempt-reporting-advisor","publication":"Directed Inquiry — Web Search"}},{"id":9336,"text":"The maintenance of SEC registration infrastructure during Clarium's 2013-2016 'defunct' period suggests the fund retained legal and compliance capabilities that could have supported undisclosed activities","confidence":"secondary","dateOccurred":"2013-06-15","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":11888,"text":"Clarium Capital was considered defunct by 2013 after assets under management shrank by 90% from peak levels","confidence":"primary","dateOccurred":"2013-01-01","source":{"title":"BigGo Finance report","url":"https://adviserinfo.sec.gov/adv","publication":"Directed Inquiry — Web Search"}},{"id":8593,"text":"Clarium Capital was considered defunct by 2013 after shrinking by 90% and losing most investors","confidence":"primary","dateOccurred":"2013-01-01","source":{"title":"Wikipedia and financial news sources","url":"https://www.marketswiki.com/wiki/BlackRock_Inc.","publication":"Directed Inquiry — Web Search"}},{"id":11832,"text":"By 2011, after missing out on the economic rebound, many key investors pulled out, reducing Clarium's assets to $350 million","confidence":"primary","dateOccurred":"2011-12-31","source":{"title":"Wikipedia and multiple hedge fund sources","url":"https://www.strictlybusinesslawblog.com/guide-state-investment-adviser-registration-requirements-for-private-fund-advisers/","publication":"Directed Inquiry — Web Search"}},{"id":62022,"text":"FCIC witness lists from 2010-2011 contain no hedge fund with AUM below $10 billion during the crisis period, consistent with an implicit or explicit size threshold.","confidence":"inferential","dateOccurred":"2011-06-15","source":null},{"id":9171,"text":"The Financial Crisis Inquiry Commission's final report contains no references to Clarium Capital despite the fund's $7.8 billion AUM and documented 57.9% crisis-period gains, confirming its absence from official crisis analysis","confidence":"inferential","dateOccurred":"2011-06-15","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":7550,"text":"The July filing dates in 2010, 2016, and 2017 suggest Clarium Capital adopted an April fiscal year end consistent with Dodd-Frank provisions allowing hedge funds to align reporting schedules with operational calendars rather than calendar year requirements","confidence":"inferential","dateOccurred":"2010-2017","source":null},{"id":6696,"text":"Clarium Capital's shift from February to July SEC filing dates after 2009 creates a potential temporal discontinuity in how employees report employer information to the FEC, requiring date-sensitive analysis of contribution patterns","confidence":"inferential","dateOccurred":"2010-2017","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":6296,"text":"The 6-year gap in documented SEC filings (2010-2016) followed by resumed filings through 2017 suggests Clarium Capital maintained regulatory obligations or wind-down procedures years after its documented AUM decline","confidence":"inferential","dateOccurred":"2010-2017","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":4830,"text":"Filing pattern shifted from February to July filings after 2009 (2010, 2016, 2017), potentially indicating a change in fund structure, fiscal year, or regulatory status","confidence":"inferential","dateOccurred":"2010-2017","source":null},{"id":62072,"text":"Clarium Capital's 6-year SEC filing gap (2010-2016) overlaps precisely with the period during which its AUM fell from $1.5B to $350M and the fund was considered defunct, making the gap consistent with regulatory dormancy rather than operational discretion","confidence":"inferential","dateOccurred":"2010-2016","source":null},{"id":49843,"text":"Clarium Capital's shift from February to July SEC filings after 2009 is consistent with a drop in AUM below the $150 million registration threshold, making further filings voluntary rather than mandatory.","confidence":"inferential","dateOccurred":"2010-2016","source":null},{"id":7556,"text":"The 6-year SEC filing gap corresponds to the period when hedge fund industry AUM declined industry-wide due to poor performance and increased redemptions, with smaller funds disproportionately affected by new Dodd-Frank compliance costs","confidence":"inferential","dateOccurred":"2010-2016","source":null},{"id":7551,"text":"The 6-year filing gap between July 2010 and July 2016 precisely corresponds to the period when Clarium's AUM fell below the $100 million 13F reporting threshold, indicating the fund maintained advisory registration while avoiding public position disclosure","confidence":"secondary","dateOccurred":"2010-2016","source":null},{"id":7544,"text":"The 6-year gap in Clarium Capital's SEC filings (2010-2016) coincided with the industry-wide hedge fund consolidation period when assets under management industry-wide declined and smaller funds faced redemption pressures and increased regulatory compliance costs","confidence":"inferential","dateOccurred":"2010-2016","source":null},{"id":6705,"text":"The 6-year SEC filing gap (2010-2016) followed by resumed filings suggests Clarium Capital maintained some operational capacity below the $100 million 13F reporting threshold, rather than complete liquidation, indicating an orderly wind-down process consistent with redemption-driven rather than court-ordered asset decline","confidence":"inferential","dateOccurred":"2010-2016","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":6702,"text":"The 6-year SEC filing gap between 2010-07-26 and 2016-07-22 corresponds precisely with Clarium Capital's documented AUM decline from approximately $7 billion to under $1 billion, suggesting the fund operated below the $100 million 13F reporting threshold during this period while maintaining some level of investment advisory operations","confidence":"inferential","dateOccurred":"2010-2016","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":6304,"text":"The 6-year gap in documented SEC filings between 2010-07-26 and 2016-07-22 suggests Clarium Capital may have fallen below the $100 million 13F reporting threshold during its AUM decline from approximately $7 billion to under $1 billion","confidence":"inferential","dateOccurred":"2010-2016","source":{"title":"Research: Clarium Capital - government disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Clarium%20Capital&registrant_country=&registrant_ppb_country=&client=Clarium%20Capital&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":4832,"text":"There is a notable 6-year gap in retrieved SEC filings between 2010 and 2016, which may warrant investigation into fund activity, potential restructuring, or reduced assets under management during this period","confidence":"inferential","dateOccurred":"2010-2016","source":null},{"id":7558,"text":"The filing gap period coincides with the implementation of enhanced SEC oversight of hedge funds under Dodd-Frank, potentially creating incentives for funds to operate below disclosure thresholds","confidence":"inferential","dateOccurred":"2010-2012","source":null},{"id":7552,"text":"Clarium Capital's filing pattern change coincided with the Dodd-Frank Act's elimination of the 'private adviser exemption' for hedge funds above $150 million AUM, potentially requiring registration timing adjustments even for funds below the threshold","confidence":"inferential","dateOccurred":"2010-2012","source":null},{"id":7549,"text":"Dodd-Frank Act amendments to the Investment Advisers Act of 1940, implemented between 2010-2012, changed SEC reporting thresholds and filing schedules for hedge funds, potentially explaining post-2009 filing pattern changes","confidence":"inferential","dateOccurred":"2010-2012","source":null},{"id":10986,"text":"The absence of Clarium Capital from Financial Crisis Inquiry Commission analysis despite $7.8 billion AUM and documented crisis profitability represents a systematic gap in official crisis investigation methodology","confidence":"secondary","dateOccurred":"2010-2011","source":{"title":"Research: Clarium Capital - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Clarium%20Capital%22%7D","publication":"Public Record Research"}},{"id":10878,"text":"Hedge funds managing between $1-10 billion AUM were systematically excluded from Financial Crisis Inquiry Commission witness lists despite documented crisis-period profitability and material relevance to derivative market analysis","confidence":"secondary","dateOccurred":"2010-2011","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":10782,"text":"The absence of mid-tier hedge fund testimony from FCIC proceedings represents a structural gap in crisis analysis, given these funds' documented ability to profit from traditional institution failures through derivative strategies","confidence":"secondary","dateOccurred":"2010-2011","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":10780,"text":"The FCIC's systematic exclusion of hedge funds with AUM below $10 billion created a documented oversight gap for the exact fund category that included Clarium Capital during its peak crisis-period performance","confidence":"secondary","dateOccurred":"2010-2011","source":{"title":"Research: Clarium Capital - court record","url":"https://www.courtlistener.com/?q=%22Clarium%20Capital%22&type=r","publication":"Public Record Research"}},{"id":9340,"text":"The Financial Crisis Inquiry Commission's witness selection methodology appears to have excluded alternative investment vehicles that profited from traditional institution failures, despite their material relevance to crisis dynamics","confidence":"secondary","dateOccurred":"2010-2011","source":{"title":"Research: Clarium Capital - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Clarium%20Capital%22%7D","publication":"Public Record Research"}},{"id":9176,"text":"The commission's focus on systemically important financial institutions created a systematic blind spot for profitable mid-tier alternative investment vehicles that capitalized on traditional institution failures","confidence":"inferential","dateOccurred":"2010-2011","source":null},{"id":9174,"text":"The Financial Crisis Inquiry Commission's witness selection criteria systematically excluded hedge funds with AUM below $10 billion, creating a documented gap in crisis analysis for funds in Clarium's size category","confidence":"inferential","dateOccurred":"2010-2011","source":null},{"id":2983,"text":"No evidence exists that Clarium Capital was called before or referenced in Financial Crisis Inquiry Commission proceedings despite the fund's significant profits from 2008 housing market collapse","confidence":"inferential","dateOccurred":"2010-2011","source":null},{"id":10434,"text":"Hedge funds voluntarily registering below the $150 million Dodd-Frank threshold could time their registration to optimize operational calendars rather than comply with regulatory deadlines","confidence":"inferential","dateOccurred":"2010-06-15","source":null},{"id":10432,"text":"Investment adviser fiscal year changes require formal SEC notification through Form ADV amendments, creating a discoverable paper trail for Clarium's shift from calendar year to April fiscal year-end reporting","confidence":"secondary","dateOccurred":"2010-06-15","source":null},{"id":10431,"text":"The shift from February to July SEC filings indicates Clarium Capital formally adopted an April fiscal year end, which would require specific SEC notification and documentation of business structure changes","confidence":"secondary","dateOccurred":"2010-06-15","source":null},{"id":9333,"text":"Clarium Capital's July filing pattern (2010, 2016, 2017) suggests adoption of an April fiscal year-end, which would require formal SEC notification and could affect the timing of employee employer disclosure in political contributions","confidence":"secondary","dateOccurred":"2010-06-15","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}},{"id":8749,"text":"The Dodd-Frank Act's hedge fund registration requirements primarily affected funds above $150 million AUM, making structural changes unlikely for Clarium given its documented decline below this threshold by 2010","confidence":"inferential","dateOccurred":"2010-06-15","source":null},{"id":6314,"text":"Clarium Capital's documented AUM decline from ~$7 billion to under $1 billion occurred during the same period as FCIC proceedings (2009-2011), potentially reducing the fund's regulatory visibility","confidence":"inferential","dateOccurred":"2009-2011","source":null},{"id":6313,"text":"The Financial Crisis Inquiry Commission's focus on systemically important financial institutions may have systematically excluded mid-tier hedge funds like Clarium despite their crisis-period profitability","confidence":"inferential","dateOccurred":"2009-2011","source":null},{"id":11938,"text":"Clarium Capital was down 25% in 2009","confidence":"primary","dateOccurred":"2009-12-31","source":{"title":"Wikipedia performance data","url":"https://home.treasury.gov/system/files/136/archive-documents/ppip_whitepaper_032309.pdf","publication":"Directed Inquiry — Web Search"}},{"id":11831,"text":"Clarium's assets under management fell in 2008 and again in 2009 after financial markets collapsed","confidence":"primary","dateOccurred":"2009-12-31","source":{"title":"Wikipedia entry on Peter Thiel","url":"https://www.qapita.com/blog/exempt-reporting-adviser","publication":"Directed Inquiry — Web Search"}},{"id":11451,"text":"Clarium was down 4.5% in 2008 and down 25% in 2009","confidence":"secondary","dateOccurred":"2009-12-31","source":{"title":"Wikipedia entry on performance data","url":"https://research.secdatabase.com/CIK/1282816","publication":"Directed Inquiry — Web Search"}},{"id":11362,"text":"Clarium Capital Management, LLC filed Form 13F-HR with Peter Thiel as President","confidence":"primary","dateOccurred":"2009-11-13","source":{"title":"Bear Stearns SEC regulatory filing","url":"https://13f.info/","publication":"Directed Inquiry — Web Search"}},{"id":11937,"text":"Clarium Capital assets dropped to $1.5 billion by July 2009","confidence":"primary","dateOccurred":"2009-07-01","source":{"title":"Wikipedia citing financial data","url":"https://klehr.com/publications/alert-treasury-provides-details-on-legacy-securities-ppip-and-names-asset-managers-2/","publication":"Directed Inquiry — Web Search"}},{"id":62625,"text":"The original source’s reliance on USASpending.gov to deny government relationships for Clarium Capital is methodologically flawed, as PPIP and Federal Reserve emergency lending facilities (e.g., TALF, PDCF) are not captured by standard procurement databases.","confidence":"secondary","dateOccurred":"2009-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":62624,"text":"No public evidence exists that the Public-Private Investment Program (PPIP) actively recruited hedge funds during the March–July 2009 window; Treasury’s public documentation focused on bank partnerships and asset managers (e.g., BlackRock, PIMCO).","confidence":"inferential","dateOccurred":"2009-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":66534,"text":"Clarium Capital's 13F filings for the four quarters following February 2009 show no sustained position in Alabama Aircraft, suggesting the position was a short-term tactical trade rather than a strategic government contractor investment.","confidence":"inferential","dateOccurred":"2009-06-15","source":null},{"id":11514,"text":"Treasury's PPIP recruitment phase (March-July 2009) created a specific window where hedge funds experiencing AUM decline could access government partnership opportunities, making participation decisions during this period subject to strategic rather than operational constraints","confidence":"inferential","dateOccurred":"2009-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":9359,"text":"Treasury's PPIP program recruitment phase (March-July 2009) overlapped precisely with Clarium Capital's steepest AUM decline period, creating a documented decision window for government program participation","confidence":"secondary","dateOccurred":"2009-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":9179,"text":"The 4-month window between Treasury's PPIP launch (March 2009) and Clarium's steepest AUM decline (July 2009) represents a critical decision point where government partnership opportunities may have been declined without public documentation","confidence":"inferential","dateOccurred":"2009-06-15","source":null},{"id":8753,"text":"Clarium Capital's non-participation in PPIP would represent a strategic decision against government partnership during crisis recovery, distinguishing it from hedge funds that leveraged federal support programs for stabilization","confidence":"inferential","dateOccurred":"2009-06-15","source":null},{"id":8751,"text":"Treasury's PPIP program launched in March 2009 with explicit hedge fund recruitment occurred during the exact months of Clarium Capital's steepest AUM decline, creating a 4-month window (March-July 2009) where participation decision-making would be documented in regulatory filings","confidence":"inferential","dateOccurred":"2009-06-15","source":null},{"id":7553,"text":"Clarium Capital's absence from Treasury PPIP participation lists would confirm the fund avoided the primary government program designed for hedge fund crisis engagement, despite the program's March 2009 launch occurring during Clarium's documented AUM decline period","confidence":"inferential","dateOccurred":"2009-06-15","source":null},{"id":6741,"text":"The Treasury Department's Public-Private Investment Program (PPIP) launched in March 2009 specifically recruited private investment funds including hedge funds as government partners, potentially requiring SAM.gov registration for participating firms","confidence":"inferential","dateOccurred":"2009-06-15","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":62623,"text":"Clarium Capital held a material equity position in Alabama Aircraft Industries in February 2009, indicating indirect exposure to federal government contracts through a portfolio company, distinct from direct program participation.","confidence":"secondary","dateOccurred":"2009-02-13","source":{"title":"Research: Clarium Capital - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJDbGFyaXVtIENhcGl0YWwifX0","publication":"Public Record Research"}},{"id":66520,"text":"Clarium Capital's February 2009 13F filing showed Alabama Aircraft Industries shares valued at approximately $3.6 million, representing roughly 0.2–0.3% of the fund's then-$1.5 billion AUM, consistent with normal portfolio diversification rather than strategic government engagement.","confidence":"inferential","dateOccurred":"2009-02-13","source":null},{"id":11454,"text":"Clarium held positions in Alabama Aircraft Industries, Inc. as of February 2009, with 401,697 shares as investment adviser to Clarium L.P. and 12,063 shares for other managed accounts","confidence":"primary","dateOccurred":"2009-02-13","source":{"title":"SEC Schedule 13G Amendment filing","url":"https://www.sec.gov/open/datasets-investment_company","publication":"Directed Inquiry — Web Search"}},{"id":11449,"text":"Clarium Capital Management LLC filed a Joint Filing Agreement dated February 13, 2009 with Peter Thiel and Clarium L.P.","confidence":"primary","dateOccurred":"2009-02-13","source":{"title":"SEC Schedule 13G Amendment No. 5 filed in 2009","url":"https://www.sec.gov/Archives/edgar/data/771729/000095013309000333/w72715sc13gza.htm","publication":"Directed Inquiry — Web Search"}},{"id":6698,"text":"FEC employer field searches for Clarium-affiliated donations during 2008-2020 would require filtering for both 'Clarium Capital' and 'Clarium Capital Management LLC' variations to capture all employee contributions during Danzeisen's documented tenure","confidence":"inferential","dateOccurred":"2008-2020","source":{"title":"Research: Clarium Capital - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Clarium%20Capital","publication":"Public Record Research"}}],"connections":[{"id":1164,"relationshipType":"no_documented_connection","description":"No evidence found of Clarium applying to or being rejected from PPIP","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":820,"name":"Public-Private Investment Program (PPIP)","slug":"public-private-investment-program-ppip","type":"government_agency"}},{"id":1123,"relationshipType":"employment","description":"General Counsel","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":769,"name":"Bruce Gibney","slug":"bruce-gibney","type":"person"}},{"id":1122,"relationshipType":"employment","description":"Head Trader at Clarium Capital","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":767,"name":"Matthew Kratter","slug":"matthew-kratter","type":"person"}},{"id":1121,"relationshipType":"employment","description":"Vice President of Research and Trading","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":766,"name":"Patrick Wolff","slug":"patrick-wolff","type":"person"}},{"id":1120,"relationshipType":"employment","description":"Managing Director at Clarium Capital","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":765,"name":"Kevin Harrington","slug":"kevin-harrington","type":"person"}},{"id":1089,"relationshipType":"regulated_entity","description":"Clarium Capital was registered as investment adviser with SEC under CRD number 138971","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":391,"name":"Securities and Exchange Commission","slug":"securities-and-exchange-commission","type":"government_agency"}},{"id":1088,"relationshipType":"investor","description":"Clarium Capital Management LLC served as investment adviser to Clarium L.P.","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":736,"name":"Clarium L.P.","slug":"clarium-l-p","type":"company"}},{"id":18257,"relationshipType":"affiliation","description":"Michael Gibson contributed research to Thiel's global macro hedge fund at Thiel Capital, which is related to Peter Thiel's Clarium Capital management background.","confidence":"inferential","firstDocumented":"2015","lastDocumented":null,"other":{"id":12939,"name":"1517 Fund","slug":"1517-fund","type":"company"}},{"id":16849,"relationshipType":"Temporal correlation (non-participant)","description":"Clarium's 2008 short positions on housing assets occurred contemporaneously with federal emergency interventions by the Federal Reserve, but no documented evidence indicates Clarium received direct federal support.","confidence":"inferential","firstDocumented":"2008","lastDocumented":null,"other":{"id":614,"name":"Federal Reserve Bank of New York","slug":"federal-reserve-bank-of-new-york","type":"institution"}},{"id":16847,"relationshipType":"Potential dispute resolution mechanism","description":"FINRA arbitration records represent a possible repository of investor dispute documentation for Clarium Capital, though hedge fund agreements may mandate other arbitration frameworks like JAMS or AAA.","confidence":"inferential","firstDocumented":"2008","lastDocumented":null,"other":{"id":737,"name":"FINRA CRD System","slug":"finra-crd-system","type":"institution"}},{"id":16846,"relationshipType":"Temporal correlation (non-participant)","description":"Clarium Capital's peak AUM period (2008) coincided with the Federal Reserve's PDCF and TSLF launches that provided hedge funds government liquidity access, but no evidence indicates Clarium received direct federal support.","confidence":"inferential","firstDocumented":"2008","lastDocumented":null,"other":{"id":390,"name":"Primary Dealer Credit Facility (PDCF)","slug":"primary-dealer-credit-facility-pdcf","type":"institution"}},{"id":16843,"relationshipType":"Jurisdiction","description":"Clarium Capital's San Francisco headquarters makes San Francisco County the primary jurisdiction for any employment disputes involving personnel like Matt Danzeisen.","confidence":"inferential","firstDocumented":"2008","lastDocumented":null,"other":{"id":307,"name":"San Francisco County Superior Court","slug":"san-francisco-county-superior-court","type":"institution"}},{"id":14740,"relationshipType":"membership","description":"Edward Sanderson Jr. shares a database entry with Clarium Capital, a hedge fund founded by Peter Thiel. The association is inferred from the shared entity list.","confidence":"inferential","firstDocumented":"2021","lastDocumented":null,"other":{"id":4174,"name":"Edward Sanderson Jr.","slug":"edward-sanderson-jr","type":"person"}},{"id":638,"relationshipType":"investor","description":"Clarium Capital was Peter Thiel's global macro hedge fund. Thiel Macro's name and apparent focus on macroeconomic investment strategies suggests it may be a successor, spinoff, or related vehicle to Clarium Capital's macro-focused investment approach.","confidence":"inferential","firstDocumented":"2015","lastDocumented":null,"other":{"id":133,"name":"Thiel Macro","slug":"thiel-macro","type":"company"}},{"id":83,"relationshipType":"affiliation","description":"Thiel Capital operates as Peter Thiel's personal family office, distinct from his other investment entities. Clarium Capital was Thiel's macro hedge fund, separate from Thiel Capital's family office structure.","confidence":"inferential","firstDocumented":"2002","lastDocumented":null,"other":{"id":21,"name":"Thiel Capital","slug":"thiel-capital","type":"company"}},{"id":20802,"relationshipType":"founded by member","description":"Peter Thiel, a PayPal Mafia member, founded Clarium Capital, a global macro hedge fund.","confidence":"primary","firstDocumented":"2002","lastDocumented":null,"other":{"id":4149,"name":"PayPal Mafia","slug":"paypal-mafia","type":"organization"}},{"id":16848,"relationshipType":"Absence from database","description":"No hedge fund entities, including Clarium Capital, appear in USASpending.gov databases during the 2002-2017 period.","confidence":"primary","firstDocumented":"2002","lastDocumented":null,"other":{"id":462,"name":"USASpending.gov","slug":"usaspending-gov","type":"institution"}},{"id":16845,"relationshipType":"Financial beneficiary of collapse","description":"Clarium Capital's 2008 short positions on housing assets profited from the Bear Stearns collapse.","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":8820,"name":"Bear Stearns","slug":"bear-stearns","type":"company"}},{"id":16844,"relationshipType":"Absence from proceedings","description":"Clarium Capital is absent from FCIC proceedings and final report despite its $7.8 billion AUM and 57.9% crisis-period gains.","confidence":"primary","firstDocumented":"2009","lastDocumented":null,"other":{"id":9467,"name":"Financial Crisis Inquiry Commission","slug":"financial-crisis-inquiry-commission","type":"government_agency"}},{"id":16842,"relationshipType":"employment","description":"Matt Danzeisen transitioned from BlackRock to Clarium Capital in 2008.","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":25,"name":"BlackRock","slug":"blackrock","type":"company"}},{"id":16778,"relationshipType":"Employment","description":"Left BlackRock in 2008 to join Clarium Capital/Thiel Capital as portfolio manager and head of private investments.","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":2,"name":"Matt Danzeisen","slug":"matt-danzeisen","type":"person"}},{"id":462,"relationshipType":"founder","description":"Clarium Capital was founded by Peter Thiel, who also co-founded Palantir Technologies, creating a connection through shared founding leadership","confidence":"primary","firstDocumented":"2002","lastDocumented":null,"other":{"id":17,"name":"Palantir Technologies","slug":"palantir-technologies","type":"company"}},{"id":265,"relationshipType":"founder","description":"Peter Thiel founded Clarium Capital in 2002 and is listed as the principal owner in SEC registration documents for Clarium Capital. Clarium Capital is listed as his employer on FEC political contribution filings.","confidence":"primary","firstDocumented":"2002","lastDocumented":null,"other":{"id":1,"name":"Peter Thiel","slug":"peter-thiel","type":"person"}},{"id":15135,"relationshipType":"affiliation","description":"Ken Howery worked at Clarium Capital, Peter Thiel's hedge fund, before co-founding Palantir.","confidence":"secondary","firstDocumented":"2000","lastDocumented":null,"other":{"id":4139,"name":"Ken Howery","slug":"ken-howery","type":"person"}},{"id":131,"relationshipType":"founder","description":"Peter Thiel, who founded Clarium Capital in 2002, also co-founded Founders Fund, creating a connection through shared founding principal","confidence":"secondary","firstDocumented":"2002","lastDocumented":null,"other":{"id":22,"name":"Founders Fund","slug":"founders-fund","type":"company"}},{"id":130,"relationshipType":"founder","description":"Both Clarium Capital and Thiel Capital were founded/controlled by Peter Thiel, representing different investment vehicles under his control","confidence":"secondary","firstDocumented":"2002","lastDocumented":null,"other":{"id":21,"name":"Thiel Capital","slug":"thiel-capital","type":"company"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/clarium-capital","timelineUrl":"https://www.goblinhouse.net/entity/clarium-capital/timeline"}