Hmmm this fund is up 53% after first 2 months of 2003 http://www.iasg.com/SnapshotPT.asp?ID=420 and that's net of 35% incentive fee.
Seems to be great strategy for a fund to trade aggressively when a fund is small - nothing to lose, high chances to attract new money, grow above ~$50M and then trade less aggressively, happy with nice $ from incentive & mgmt fees...
Seems to be great strategy for a fund to trade aggressively when a fund is small - nothing to lose, high chances to attract new money, grow above ~$50M and then trade less aggressively, happy with nice $ from incentive & mgmt fees...