WASHINGTON: D1 Capital Partners’ big bets on venture capital (VC) and private equity weighed on its hedge fund returns for a second consecutive year as the firm marked down the value of 49 companies in 2023.
Before accounting for fees and adjusting for share classes with varying exposures to private investments, the hedge fund ended the year up just 0.8%, D1 founder Dan Sundheim wrote in an investor letter seen by Bloomberg.
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