Double Dare: A Transparant Hedge Fund

Ok hedge fund managers, if you're so smart, you'll be able to tell us exactly how you're going to take our money, and STILL take our money.

So here's my challenge to the best and the brightest fund managers out there -- tell us everything. Make a website, post every sale, every holding, every almost-sale, every strategy decision, every disappointment. (you can even hire me to do all of this data collecting/presentation).

I want to be impressed. I want PROOF that you're the smartest people in the room.

A problematic detail -- I don't want anyone breaking the rules, and the SEC is picky about Hedge Fund websites...

Use of the Internet by Domestic Hedge Funds
In 1995, the SEC determined that providing offering materials for a hedge fund on a website constitutes a general advertisement or solicitation, unless the materials are only provided to persons who had a previous relationship with the issuer-even when access to those materials is restricted to password holders. There may be no links from outside the site to an interior page of the fund website. And passwords may be given only to users with previous relationship to fund and only if financial sophistication is verified. (read more...)

So, all i am asking is that you disclose this information to your investors. Just let me know that you're doing this, and (depending on who you are) I may be there to give you some seed money.

In summary...I dare someone to form a fully-transparant hedge fund, that still makes money (in the long-run) because the managers know how people would react to any leaked information. Make that a double dare...