Multicoin Capital’s Crypto Hedge Fund Posts Staggering 9,281% Growth скачать в хорошем качестве

Multicoin Capital’s Crypto Hedge Fund Posts Staggering 9,281% Growth

Ruholamin Haqshanas Last updated: March 30, 2024 06:16 EDT | 2 min read Crypto-focused hedge fund Multicoin Capital has delivered extraordinary returns to its investors, exceeding 9,000% since its launch in 2017. In its annual investor letter, the fund revealed that after experiencing significant losses in 2022 that nearly wiped out its value, Multicoin Capital’s fortunes have dramatically turned around. According to the investor letter, dated February 16, the Multicoin Capital Master Fund has recorded a staggering return of 9,281% since its inception on October 1, 2017. Multicoin Capital’s Gains Surge Amid Market Rebound. The performance is primarily attributed to the resurgence of the cryptocurrency market, with the fund generating a remarkable 537% return in 2023 alone. The firm is anticipated to file a Form ADV, a regulatory requirement for advisers registering with the Securities and Exchange Commission (SEC) and exempt reporting advisors. According to the firm’s previous Form ADV, it reported over $1.36 billion in assets under regulatory management. Multicoin Capital’s executives, Tushar Jain, Kyle Samani, and Matt Shapiro, also mentioned the crypto market’s behavior in the investor letter. They highlighted that in 2023, cryptocurrencies defied expectations and rebounded in spectacular fashion, enabling the hedge fund to capitalize on the market’s overreaction and achieve significant outperformance. The impressive returns achieved by Multicoin Capital have more than compensated for the fund’s substantial 91.4% loss in 2022. The investor letter clarifies that the performance figures since the fund’s inception include various investments made through side pockets, which contributed to the overall outcome. Despite enduring a painful bear market cycle, Multicoin Capital’s executives view that period as ultimately inconsequential for the investment firm. They acknowledged the challenges posed by macro tightening, a directed political vendetta, and the fallout from a significant financial fraud, alluding to the collapse of embattled crypto exchange FTX, to which their firm was exposed. Crypto Funds See a Surge in Assets. Earlier this year, Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in... https://cryptonews.com/news/multicoin... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #adoption #adoptionnews #adoptionnewstoday #hedgefund #hedgefundnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple