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'Cryptocurrency Mania' Burned A $1B Hedge Fund That Was Betting Against Chipmakers

by businessinsider.com posted 1year ago 268 views
Dallas-based Carlson Capital's Black Diamond Thematic fund has lost 14.2% net this year through July 31, according to a client update reviewed by Business Insider, and bitcoin mania is partly to blame.  The $1 billion equity long-short fund had been up about 10% after fees around this time last year, Business Insider previously reported. Carlson Capital manages about $9 billion firmwide.

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