Categories:  'Economic Inequality'  

Lack of Transparency on Murky Investor Fees

" With the trading desks of investment banks cut to the bone, the ability to pin a fat fee on a fast-growing pile of assets [...]

With the trading desks of investment banks cut to the bone, the ability to pin a fat fee on a fast-growing pile of assets has become the holy grail for financial firms.

Few have proved better at this than the bond giant Pimco and its total return fund, which took in more than $6 billion in fees between 2010 and 2013 – the most profitable run ever for a mutual fund.

But as Pimco copes with an exodus of cash from it slargest fund after the departure of its co-founder William H. Gross, these fees – and in particular, their composition – are drawing scrutiny.

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Articles

Publication Date: 08/08/2016
Source: The New York Times
Author: Patricia Cohen
Publication Date: 05/06/2016
Source: The New York Times
Author: Eric Lipton and Julie Creswell
Publication Date: 30/11/2016
Source: The New York Times
Author: Nicholas Confessore
Publication Date: 16/04/2016
Source: The New York Times
Author: Matthew Schneier
Publication Date: 09/11/2015
Source: The New York Times
Author: Landon Thomas Jr.