Quote from chipmunk:
It seems to me most of these funds are too big for their own good!
Why not cap it at $100M and enjoy the flexibiltiy? I am guessing maklnig 25% on $100M is a LOT easier than it would be with $1BN.
Seems once you get above a certain number your returns are quite pathetic really. Greedy %£$%£'s
That's the suspicion. The bigger they get, the more difficult it should have been to maintain returns. So, w/o registration or transparency, what did they do to out perform? That's what the Feds will find out. Of course, if they did nothing out of the ordinary, they'll be nothing to fear.