There are lots of criticisms being levied at the work-in-progress SuperFund right now. I think their general sense is that people need a lot more information before forming a hard-and-fast opinion. While you often hear analogies to the LTCM situation, the circumstances seem a bit different. But the credit markets are much deeper these days. The issue I have is, who would make the investment decisions and how? There would have to be some objective criteria. But how would one draw it up? And would the biggest contributors be favored in the process? All of these questions will be answered in good time, I am sure. For now, we can only guess.  

For background:
- here's a Financial Times article