1. A method for managing a variable caching structure for managing storage for a processor, comprising: receiving a request for a guest address; accessing a multi-way tag array to determine whether there exists a pointer in the multi-way tag array that corresponds to the guest address; upon a hit on a tag of the multi-way tag array, accessing a corresponding entry to retrieve the pointer, wherein the pointer corresponds to a location in a storage stack where a corresponding group of storage blocks of converted native instructions is stored; and accessing the converted native instructions from the storage stack for execution.