The Hedge Fund Manager That Sued The Dakota For Racism Has A Funny Way Of Calculating His AUM And Returns

``Another "unorthodox" practice by Fletcher's fund includes how the firm calculates its returns. Fletcher Asset Management has said its flagship fund, Income Arbitrage Fund, did not have one negative month in 11 years. But according to the WSJ, "the fund didn't invest directly in the markets. Instead, it held shares in a separate Fletcher vehicle that did make investments, chiefly by putting money in smaller public companies for stock and warrants."''