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This makes it hard to gauge hedge funds' size or understand their strategies.
Even when it does get going, the new lending capacity available from the two funds will be capped at €500 billion, supplemented by possible support from the IMF of up to $430 billion.Beyond the adequacy or otherwise of the funds' size, there is the problem of what they can be spent on.
In comments to Nikkei, Son did set out his expectations for the funds' size and likely investment reach over the next decade.
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"You're going to see fund size shrink," he said.
Some longtime market experts think that fund size is the most daunting challenge he faces.
The optimal fund size, Professor Kedrosky and others say, is a $250 million fund managed by four partners.
Bloated fund size, however, could hurt general partners later if it tempts them to chase weak investment opportunities.
The Relationship Between Size and Performance", by Edwin Elton, Martin Gruber and Christopher Blake Liquidity, Investment Style and the Relation between Fund Size and Fund Performance", by Xuemin Yan"How Much Does Size Erode Mutual Fund Performance?
But, in the Valley, increasing your fund size so dramatically is customarily seen as "smoking your own exhaust," or, among those with a classical turn of mind, hubris.
"Given that it's such a small fund size, they're not going to be deploying a lot of capital on each deal," he said.
*Small fund size.
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