The LC Advisors
brochure states that "Lending Club randomly allocates Loan requests to fractional or whole Loan availability on a daily basis based upon platform participants'
investment intent for the respective asset types in a given day." (italics mine)
Is anyone able to parse the meaning of "investment intent"? Is this based on investment criteria and automated investing rules?
Some funky words there! Yea, they allocate based on what "some guy" at LC thinks makes sense given the demand he thinks is happening, based on how things have been going and sometimes some hints from institutional investors when their next lump of money is coming. ... Its like he sticks his finger in the wind and guesses.