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LetsGoBucsWell I would disagree that the fund wouldn't have sophistication. They'd pay for the best minds available and would attempt to buy inroads to large known collectors and offer above average prices for those cards.
What I think would appeal about W600's and others is that they would be having an impact on the supply available to "real" collectors.
There have been funds that have traditionally invested in stamps and they often have targeted high quality "niche" issues that "big-time" collectors would want to complete their collections. Various British Isle issues and scarce British subsets have been frequent targets. Due to the British empire, you have worldwide collectors atracted to British issues (since this was used in their countries). Taking out even 20-30% of the available supply - especially if its high quality leaves the potential for large returns down the road.
I'd try to do the same with W600's. Buy two of the largest collections known and purchase 70-80% of the high quality items coming to market for three years and the next 5 or 6 well heeled collectors that want to complete the set will be willing to consider a very different price point for the issue....with the resulting reward for my fund!!