| ▲ | askafriend 2 hours 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. | ||
| ▲ | mbesto 15 minutes ago | parent | next [-] | |
He sold the fund to another buyer - it folded by every definition of the term. | ||
| ▲ | mondojesus an hour ago | parent | prev [-] | |
This 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. | ||