2011 Mumbai Marathon

The 8th edition of the Mumbai Marathon took place on Jan. 16. This was the 4th Mumbai Marathon that I have participated in and each year it gets better and better, not only from an excitement perspective but also my running time.

This year I completed the half marathon (13.1 miles, 21.1km) in 2:01:26, I was absolutely shooting for sub-2’s, but couldn’t pull it together during the last 4 kilometers to pickup some speed…next year.

My Mumbai half-marathon timings are:

2011 – 2:01:26
2009 – 2:07
2008 – 2:16
2006 – 2:16

What really helped me this year was using the RunKeeper app on my iPhone. RunKeeper was constantly giving me real-time stats on my run and I was able to speed it up or slow it down based on the information. I would highly recommend the program if you are planning to run a 5km or a full blown 42km marathon. You can see my RunKeeper stats for my 2011 run. The website tracks all your runs and aggregates the data and I can see this turning into a much bigger platform then it currently is.

Managing Money Ain't Easy

Back in January 2007, Bloomberg Markets magazine did a piece (pdf article) on Peter Thiel (pronounced “teal”) who made his mark in the tech sector and then focused his efforts on his own global macro fund. Peter Thiel was the co-founder of PayPal and led them to a monster exit when eBay bought them. The article has an ultra positive tone which was the vibe in the financial markets back in 2007, the article briefly mentions his Facebook investment.  Some great quotes from the article:

– If all goes well, Clarium might one day manage as much as $10 billion
– If Facebook one day pulls off a deal like YouTube’s, Thiel would pocket about $100 million.

Now in January 2011 the roles have reversed, most articles about Peter focus on his Facebook investment and don’t talk much about Clarium Capital his global macro hedge fund. Recently, Bloomberg online had an article about Clarium and the numbers they presented were jaw-dropping to say the least. Clarium’s assets under management (AUM) have dived 90% from a peak of USD 7.2 billion to USD 681 million, a combination of bad bets and customers hitting the exit button.

He is certainly trying to stem the losses, Peter hired Patrick Kenary from Man Investments. Man Investment’s is the mega alternative investment management firm that practically invented algorithmic trading via their AHL acquisition. Having someone with that pedigree is nothing to sneeze at.

In the end, I’m sure most people are sticking around with Clarium hoping that Peter might have another Facebook type investment where they can roll their assets into. Guys like Buffet, Roberton, Rogers and Soros make investing look really easy but when you got billions on the line it’s a very different ball game then trying to launch/run an internet company.