Muddy Waters’ Domino Fund More Than Doubled Its Assets Last Year

The two-year-old fund grew despite a federal probe into founder Carson Block.

Illustration by II

Illustration by II

Muddy Waters Capital’s assets rose 40 percent in 2022, based largely on a fund it launched in February of 2021 that takes a longer-term view of its short positions using a proprietary artificial intelligence tool.

It’s unclear how much of the increase came from performance, but it appears that CEO Carson Block was able to raise assets for the fund last year despite the investigative cloud hanging over him and his hedge fund.

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