You’re talking about the same fund.

They were open about their gains. It was the margin calls and illiquidity that got them, not going negative. Some of their assets, like Anthropic stock, isn’t worthless, it’s just illiquid.

▲

andy_ppp a day ago | parent [-]

“isn’t worthless” is still to be decided IMO. Until you can sell it it defines worthless!

	▲	swyx an hour ago \| parent \| next [-]
		some people should be too dumb to be allowed to comment on anything
	▲	mrandish 13 hours ago \| parent \| prev \| next [-]
		WSJ earlier reported that SA had a deal Wednesday night to sell their Anthropic stake to Citadel for $10B in cash but on Thursday morning backed out and decided to instead sell public equitities in their portfolio at what was reported as "a more than 10% discount."
	▲	victorbjorklund a day ago \| parent \| prev [-]
		You can sell it on secondary market? I’m sure many investors are bound up but there are transactions there.