Yeah, I have an idea about it, its retarded.

1- What constitutes 'well governed'?

2- What is the basis for the assumption that well governed = exceptionally profitable?

3- even if #2, is a given, what is the basis for the assumption that there is an alpha return in a well governed company that the market hasn't already priced in?

4- differentiate well-governed companies from poorly governed ones? So they go long well-governed companies and short poorly governed companies?

5- I'm very skeptical of any asset management firm that doesn't layout their key team members, their experience and track record. What makes these clowns experts in assessing the quality of a firm's corporate governance?

Since they didn't Ill lay out the 2 professionals bios:

Mr. Jon Lukomnik (Board Member) Director and Member of Investment Committee The Governance Fund, LLC Jon Lukomnik Founded Sinclair Capital LLC and serves as its Managing Partner and Principal. Mr. Lukomnik co-Founded GovernanceMetrics International, Inc. since 2000. Mr. Lukomnik founded International Corporate Governance Network and was its Governor. He was head of strategic planning at CDC Investment Management. Mr. Lukomnik has been Independent Director of Sears Canada Inc. since May 2006. He serves as Member of the Boards of Directors of Van Eck Mutual Funds and the New York Classical Theatre. He has been Independent Trustee at Worldwide Hard Assets Fund since March 6, 2006. He serves as Trustee at Van Eck Funds - Emerging Markets Fund. He is also a trustee of MHRA Pension Fund. He has served as a member of the Board of Governors of the ICGN, the OECD/World Bank Investor Responsibility Task Force and the Euronext Advisory Board. Mr. Lukomnik served as Director of Van Eck Funds, Inc. - Mid Cap Value Fund. Mr. Lukomnik holds Bachelor of Arts degree from Columbia University and Graduate Course in Business and Public Administration from New York University.

Mr. David R. Koenig Founder and Chief Executive Officer The Governance Fund, LLC Mr. David R. Koenig is the Founder and Chief Executive Officer at The Governance Fund, LLC. Previously, he also served as Managing Director and Head of Market and Institutional Credit Risk Management for U.S. Bancorp Piper Jaffray Inc. where he coordinated independent oversight of all market and institutional credit risk on capital markets inventories and risk oversight of the portfolios of First American Asset Management group, the mutual fund family of US Bancorp. While there he also led the strategic incorporation of risk management into all business-line planning. Prior to founding The Governance Fund, Mr. Koenig served as the Chairman of PRMIA. In 2008, he was awarded the PRMIA Higher Standard Award, the top honor from that association and in 2007 was inducted by his peers as one of the first 100 members of the Risk Who s Who international honorary society, which recognizes individuals for their contributions to the global risk management profession. Mr. Koenig received his Master of Arts degree in Economics from Northwestern University in Evanston, Illinois and is a graduate of Miami University with a Bachelor of Arts Degrees in Economics and Mathematics.

Seems like ok background, but nothing dynamite. Definitely not something that screams corporate governance and asset management gurus. I would have liked to see that these guys served on BOD, executive offices, and special committees of some of the most respected F500 companies, particularly those known for corporate governance. Jons got some of that with the Euronext and World Bank nods. But still nothing earth shattering.

And an auto-WSO-ding for one of the guys, David: he was at Piper Jaffray and risk management at that.... eww.

In all seriousness though, depending on how young you are, it could be a good opportunity if you have an in and they are a legit operation. You need to find out ball park what their AUM is to gauge this... although I have a friend who joined a hedge fund started by 2 ex-prop traders. Its 100M AUM, one founder bought the other out, and all he's been doing since he got out of school is trading alongside this guy and learning from him. Bottom line, get some more intel on the shop. If you're a fresh/soph, this could be good experience depending....