wonder if he will get 2% annual fee plus 20% carry, without hurdle rate and less the high watermark formalities :0)
wonder if he will get to leverage the fund, say at 10x, and then wager on derivatives, say at 5% margin ...
the fund, in theory, can be quite formidable in the market, though not exactly nimble, unless ...
the fund could just position itself against the paper gold shorts, and then buy the ten largest gold miners, and stop production for a while ... until the paper gold shorts' eye balls pop out
after that, move on to silver, oil, other metals, etc
what fun :0)
sure beats revolution |
