So, I’m in favour of a change, but not necessarily the above.
I would modify the above as follows:
- I propose that we eliminate the withdrawal fee.
- A simple performance fee be implemented on all activity. *
*This is to say, on each harvest, the performance fee is applied to those profits.
- In relation to Proposal: Rethinking Capital Allocation I would suggest we consider a performance fee of 10%. I will outline why in the linked thread.