Horse's Hedge Fund

Betting on the fillies. More than enough to make a Met fan cringe. But this isn't about Ryan Howard or Roy Halladay, it's about the ponies. Those lovely genetically engineered, ketamine dosed works of art. The one's PETA ensures are fed more milk fed Veal then Joe Pesci in Casino. This is about them...as an asset class.

Starting this month, you too can invest in racehorses. Platinum Horse Racing Ventures LLC is your basic 2 and 20 shop for the sophisticated investor with a refined risk palette.

Roughly a month ago there was a thread which touched the subject, albeit from a different angle. An interesting subject IMHO.

The Platinum fund requires a $500,000 buy in if you're interested in thoroughbreds like Green Monkey , the descendant of several Kentucky Derby winners, sold in 2006 for a record $16 million. For those with less Benjamins set aside for lighting Cohibas, there is a blue-light special ETF-style option for $10K. You might get a mare hooked on Fentanyl or a piece of that stable Tony Soprano burned down, but hey, low risk-low reward, right?

Overall, the fund is not a bad idea for those who can afford it. I guess that at this point bringing up the illiquidity issues is a bit futile. Anyone investing in this sort of fund is either a savy investor, an expert in the field or a trust fund terrorist.

Though this fund is certainly not for the public at large, it does remind me in its structure of several illiquid investment vehicles of the past decade, plus. Personally, I would much rather throw my money into an NBA back-up center contract tracking index. That way, if we're betting on fickle, unpredictable creatures it will be the ones who provide solid returns regardless of their success.

Oh well...

I'm off to the OTB!