Dan Sundheim's D1 Capital Partners, a hybrid hedge fund that bets on both public and private companies is down 22.5% so far in 2022, according to a report by Bloomberg.
The fund's biggest share class, which invests half of its assets in equities and the rest in startups, lost 4% last month, with its portfolio of stocks falling 13%.
According to unnamed sources quoted in the report, D1's public market portfolio has fallen 44% so far this year, while its book of closely-held companies is down by 8%,
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