Which mutual fund advisors invest in their own mutual funds?
Sunday, March 9th, 2008
Nick asked:
I was wondering if there is a list anywhere of mutual funds, where the mutual fund advisor has a significant stake in the mutual fund that they advise?
I was wondering if there is a list anywhere of mutual funds, where the mutual fund advisor has a significant stake in the mutual fund that they advise?
Often the ‘investment advisors / fund manager’ to a mutual fund have zero risk, they advise, and get a management fee as a % of net assets, irrespective of the actual performance of the fund.
If the fund manager themselves owned large parts of the fund I would think they would be better aligned with mutual fund shareholders.
Question posted courtesy of: Louis
