Via MarketWatch

Clarium LP, a $4 billion hedge fund run by PayPal co-Founder Peter Thiel, surged 24.4% in January as bets on U.S. equities and the dollar paid off, according to an update the firm sent to investors recently. Long positions in U.S. equities contributed most to the gains, while bets that overseas currencies would appreciate against the U.S. dollar also boosted returns, the firm said in the update, a copy of which was obtained by MarketWatch. .....The firm’s main $4 billion hedge fund returned 40.3% in 2007 after a particularly strong surge in the fourth quarter of last year. It’s up more than 400% since it was set up earlier this decade