Baseball legend Barry Bonds’ 2001 season is like no other in the sport’s history. Bonds hit a record 73 home runs and 32 doubles, took 177 walks, drove in 137 runs, earned a 1.379 ops, played gold glove defense, and won league MVP. His 2001 stats about doubled his usual output from 1986-1999, all with a little help from anabolic steroids.
SDNY prosecutor Preet Bharara has labeled futures contracts “financial steroids”. Just as Bonds used the cream and the clear to beef up his swing at the plate, we use low-risk high-frequency hedging to bolster our REIT’s yields.
Like Bonds during his record-setting 2001 season, we expect to outperform virtually every REIT on the market in terms of actual yields returned to investors through pari-passu distributions with this little something extra in the mix.
Fortunately, the SEC approves of this practice.
