Multicoin Capital’s Hedge Fund Misplaced 91.4% Final Yr, Investor Letter Finds

In spite of the large drawdown, Multicoin’s hedge fund stays up 1,376% web of charges from its inception thru 2022. As the wider crypto marketplace rebounded from final yr’s lows, Multicoin reported that the fund received 100.9% in January 2023, bringing the fund’s inception-to-January go back to two,866%.