ANT Forum

Ever wondered if linking fund managers' bonuses straight to how each short cycle pans out could sort out some of those dodgy incentive misalignments you see in old-school funds? I remember back when I had a chunk of savings tucked away with one of those traditional outfits — the manager seemed more focused on racking up assets under management for the steady fee than actually beating the market. By the end of the year, performance was mediocre at best, yet the fees rolled in regardless. Felt a bit frustrating, honestly, like the system rewarded size over results. Anyone here tried something different or seen setups where rewards reset and tie tightly to cycle-by-cycle outcomes? Would love to hear if that actually sharpens focus or just creates short-term gambling vibes.      

Cycles in fund management do seem to bring their own rhythm to the whole thing. I've noticed over the years how some periods feel almost predictable in their volatility, with everyone scrambling at the start and then settling into patterns as weeks pass. It's funny how the pressure builds right after resets, almost like a fresh chapter where past wins or losses linger in the background but don't fully dictate the next moves. You pick up little habits from watching it play out — certain strategies pop up more often when the clock's ticking on a particular stretch, and others fade away quietly. Just one of those quirks that makes the space feel alive rather than static.      

Yeah, that cycle-by-cycle idea makes a lot of sense in theory — it could push managers to stay sharp every period instead of coasting on long-term averages. I've followed a few experiments in the crypto space where reputation builds (or drops) based on consistent returns across discrete phases, and the better performers naturally end up controlling more of the pool while earning bigger cuts of the profits. It feels like a cleaner way to align everyone compared to the usual 2-and-20 setup that sometimes lets underperformers hang around too long. Check out https://betoken.fund/ if you're curious about one approach that tries something along those lines — not saying it's perfect, but the merit-based redistribution of control each round seems to cut down on freeloading. In my view, anything that rewards actual results over time served has to be an improvement, though you'd still need safeguards against excessive risk-taking in short bursts.