Global Cool a climate change charity that is trying to save the world is setting up a giant bank for festivals and events. Launching a $60-$100 million hedge fund to invest in live events (hey I wonder if they will lend us £400 for the Music Towers weekend?).

So the way I understand it is - David has £100k invested in this fund. They go and invest it in the Music Towers festival. Music Towers festival makes a comfortable 40k profit. Lets say for instance Music Towers takes 10k of that.

Then there is 30k for this bit...

'Under its formula, investors receive the first 8 per cent of all profits, followed by half of the profits between 8 per cent and 20 per cent and 20 per cent of all profits thereafter.'

So what does that mean? Basically David gets between 8-20% back depending on how long he has been investing in it is that a year?

I have no idea what any of this has to do with climate change sound like clever city types blagging guestlist to me?

http://www.global-cool.com/