Managers, not investors, are beneficiaries of fund of funds
Managers, not investors, are beneficiaries of fund of funds
Wall Street will collect some $1 billion in fees this year for managing money in so-called funds of funds. That's a pretty good return for putting money into vehicles that generate pretty bad returns.
Read this article.
Wall Street will collect some $1 billion in fees this year for managing money in so-called funds of funds. That's a pretty good return for putting money into vehicles that generate pretty bad returns.
Read this article.
posted by Victor Lloyd Smith @ 5:40 PM
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