Metaverse Investment Fund Provides Hedge Against Economic Instability

Shaun Altman Has Deep Ties with SL Economic Community

For SL-Newspaper.com

I had the opportunity to sit down with Shaun Altman last week to discuss the upcoming future for the Metaverse Investment Fund(MIF), a privately held Hedge Fund that conducts currency arbitrage with both RL and Virtual World Currencies.

Altman is one of the oldest and most respected members of the Second Life Financial community, notable for formerly being the CEO of Cyberland (CYB:WSE), which started as the first publicly owned company in SL. Originally CYB(WSE) was listed on the MSE, and later brought to the WSE via a merger of the two exchanges. The WSE has suffered for the most part of this year from a lack of investor confidence, a general halt to trading that lasted months, and the recent migrations of CAR(ISE), FED(ACE), FAG(ISE), and most recently, ALC(ISE).

The ISE and ACE have been the benefactors of recent WSE relistings, with surges in volume and active accounts following in the wake of each migrant.

The MIF focuses on short-term arbitrage trades to generate growth and returns, and has quietly accumulated L$6,417,389.59 worth of assets since February 1, 2008, and has achieved a 38.7257% direct return on investment for shareholders according to the publicly available financial reports.

"We're about to start doing active marketing for the first time ever," Altman explained, "So far we've only put out a couple of PRs and relied on word of mouth."

This word of mouth has been successful, as many of the most recognizable names in Second Life Investing have had considerable stakes in the firm since the very beginning.

Altman said, "I'm happy that we've been able to meet my initial goal of providing investors with a safe and secure alternative to all of the amateur-hour nonsense, as well as the schemes and scams that led to its founding. Now that we've refined the operation and documented a track record, its time to embrace a larger audience."