[cgbg]

“They claim annualized return of better than 20%”

The name begins with P.

Ponzi.

[Steely Tom]

Yeah, 20% per year (actually they claim annualized return of 28.5% since the firm's founding in 2002, but that figure is given "as of 2015") but even 20% per year would give a doubling time of a little less than four years, which seems a little hard to believe.

Of course, why they omit the last eight years of performance ("as of 2015") from their ROI figure is a bit curious. One can make an educated guess though.

Bernie Madoff's investors got a "consistent 10%," and that was a Ponzi scheme.