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Romney family trusts have indirect stakes in that fund through a Goldman Sachs fund.
Yet to his surprise, there was more interest in that fund than the other.
Roosevelt Field is owned by Simon Property Group, the largest holding in that fund.
Only $60 million is left in that fund, and the state has not indicated how it will distribute that money.
It is possible that at least some investors in that fund did not understand that volatility is not their friend.
Alliance's management of the first $7.5 billion in that fund would cost less than $30 million a year.
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In horrible 2001 that fund lost just 4%.
But in 2008 that funding dried up.
You might expect in this situation that funding would increase.
Agrawal et al. (2013) point out that funding in non-equity crowdfunding is not geographically constrained.
If we were included in that funding, we wouldn't be where we are today".
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