Hedge Fund “Charity”
Here is an interesting concept: set up a hedge fund, market it as helping the world, and then charge the investors 1.5% management and 25% of profits.
Oh, and also limit yourself to investing in super high beta stocks from “market sectors dealing with hunger, thirst and disease, as well as in clean energy.”
Translation: Invest in solar tech and wind companies that are going to be -100% of +1000%, but charge a 25% carry.
Anyone interested in some Turnkey Analyst Snake Oil? We charge $500/oz, our product is 100% organic, and we donate 10% of our profits to charities in Bermuda.