Scott Roth, the man behind Severn River Capital Management,
is trying out a unique pay scheme designed to retain talent and
promote the longevity of his fund.
Roth is giving up 50% of the equity on day one and has built
in an additional 15% of equity that will be handed out over the
next 10 years. The initial firm valuation will be set at $3
million, with subsequent valuations set at 4% of the assets