Valueing everything at bid price is a bad way to do things at the moment.
It's
exactly the right thing to do at the moment, because that -- and only that -- provides an indication of the fund's
liquid net value. When some assets are likely to be wiped out entirely (BTC-TRADING-PT, for example), nobody cares what the 7-day moving average or 30-day moving average might be.
I took the time to release a special interim report immediately so that participants could have quantitative facts in front of them, right now, telling them exactly where we stand. Will things change over the next few hours and days? Of course they will, and hopefully for the better -- but that doesn't make it "a bad way to do things" to have given the specific, quantitative information as quickly as humanly possible.
...You went to great lengths saying the money was spread among various platforms, lets see if that strategy works as well you said it would.
There's no need to wait and see: of course it "worked" to the extent that the vast majority of the fund's capital is immune to BTC-TC's closure.