[dominotw]

>done quite well since its inception last year.

that probably doesnt say much though. what happens if its run since ark's inception?

[dehrmann]

This is also a problematic metric because of survivorship bias and as part of that, most investors showed up late to the game. Despite the fund having done well, it still could have a negative return over its life when weighted by AUM.

[pavlov]

A short fund like this is a trading instrument. I don’t imagine anyone holds it for years.

The fund makes its money on fees, not on price appreciation.