Global ambition

The notion of institutionalized sharing is nothing new. Cubans do it. The National Football League does it. Some say chimpanzees do it. Sharing pools of equity investment capital, however, has always been a trickier proposition. Traditional markets have been exclusive clubs (some might say prisons) with jealously guarded boundaries. The system worked if those boundaries were secure. However, the globalization of product and financial markets, fueled by technology and the internet in particular,