alt Hacker NewsHis 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.
Replies
mbesto • today at 5:37 PM
He sold the fund to another buyer - it folded by every definition of the term.
➕ show 1 reply
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.