Looks like he's a registered sex offender...imagine my surprise.
Not necessarily, the fund's performance is the market value of the investments within the fund...assets under management varies by both performance of the fund and deposits/withdrawals to and from the fund.
When a fund performs that poorly investors tend to move their money away from that fund, hence a 22% loss for a fund can result in a much higher % decline in assets under management as investors run for safety.
I like this guy.
https://www.homefacts.com/offender-detail/WI60063/Joseph-D-Rosenbaum.html