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His fund did not fold. In fact, the returns were so astronomical that they took a $35B loss (around 67%) which means they were still UP 80% for the year in 202
by askafriend 2mo ago
His fund did not fold.
In fact, the returns were so astronomical that they took a $35B loss (around 67%) which means they were still UP 80% for the year in 2026.
Today they have around $10B under management.
As an investor, how would you feel about being up 80% for the year? Exactly. They're having a phenomenal year.
- mondojesus 2mo agoThis is only true if newer investors get pro-rata ownership of the Anthropic stake. If that position is side-pocketed, then any investors who were not there at the time of the Anthropic allocation are looking at around 90% loss on their investment.
- mbesto 2mo agoHe sold the fund to another buyer - it folded by every definition of the term.
- askafriend 2mo agoHe did not sell the fund. He sold the publicly traded portion of it. He currently still has $10B under management. What's the point of posting blatantly wrong details? It's pretty easy to look them up.
- mbesto 2mo agoYou can argue the semantics all you want and ignore the original premise of my comment - which is romanticising people who have perceived "foresight" is super weird.