Multicoin Capital Hedge Fund: Up 9,281% Since 2017
Date: 2024-04-02 Author: Gabriel Deangelo Categories: BUSINESS
Hedge fund Multicoin Capital, also known as Multicoin Capital Master Fund, has seen an impressive 9,281% growth since 2017, according to media outlets citing access to the company's report.
Recovery after the Crisis
According to the report, in 2023 the fund's return increased by 537%, allowing it to compensate for losses associated with the collapse of the FTX Group commercial group and restore its financial position.
Calling Death and Loss
In a message to investors, the organization cites losses in 2022, when the fund lost 91.4%, the impact of which they attribute to tighter oversight and political attacks.
Prospects and Optimism
Despite the challenges, the letter notes the high potential of the public markets for crypto assets and highly liquid tokens, as well as the fund's ability to capture and take advantage of market reactions after the crisis.
