“The exchange fund idea was first put together in late 1999 by Larry Albukerk Larry Albukerk , one of EB Financial’s managing directors. As an entrepreneur and capital raiser, he saw that company founders with massive single-company stock risk, for the most part, were not allowed to diversify even the smallest portions in a beneficial way.
True, putting 5% of their founders’ shares into a pool of illiquid investments isn’t going to be a windfall right now, but the potential is great. “Each individual investment is equally risky, but spread across 19 other companies, the odds for good returns increase enormously,” says PhilipLevinson Philip Levinson , a former company founder familiar with EB Financial.”
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