Upwork’s Diminishment

The filing itself, a document bound by regulation and devoid of explanation, merely stated the fact. Alternative Investment Advisors no longer held a stake. The position, previously constituting 1.4% of their managed assets, had been systematically unwound. One imagines a clerk, somewhere within the labyrinthine structure of the firm, methodically executing the order, each keystroke a small act of finality. The fund’s portfolio, subsequently, revealed a preference for the predictable solidity of broad-market index funds – IVV, DYNF, OEF – and the even more reassuring weight of BINC. These were not investments, but anchors, designed to resist the currents of change.







