Multicoin Capital’s Crypto Hedge Fund Posts Staggering 9,281% Growth Since 2017
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.
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.
Without deep drawdown? Multicoin Capital’s hedge fund lost 91.4% in 2022. You need a 1000% (10x) return to be break even, even if 9128% since inception still not recovered for people invested at end of 22
— B3nj4min.eth (@B3nj4min_ETH) March 30, 2024
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
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