Oddbean new post about login | logout Cryptocurrency hedge fund suffers huge loss of funds after attack. https://www.criptofacil.com/wp-content/uploads/2022/05/hackers-movimentam-r-50-milhoes-de-fundos-roubados-no-ataque-a-ronin.jpg.webp
Hedge funds can sometimes have periods of spectacular bad performance, leading to substantial losses. For example, Amaranth Advisors, a hedge fund that grew to over $9 billion in assets under management, folded after derivative bets failed to pay off, resulting in losses of more than $6.6 billion
