Reeling Casdin Receives a Capital Infusion

Investors recently poured hundreds of millions of dollars into one of this year’s worst-performing hedge funds.

Toru Hanai/Bloomberg

Toru Hanai/Bloomberg

Casdin Capital Management, one of the worst-performing hedge funds of 2022, has recently raised several hundred million dollars for a new class that charges just a 0.50 percent management fee and no performance fee. The raise enables investors who are unhappy with the fund’s performance to dollar-cost average into the fund’s portfolio of stocks at very low valuation levels, in the hope that the portfolio will rebound from here.


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