Fund managers still ripping off investors

[Walsingham]

http://www.telegraph.co.uk/finance/persona...ur-savings.html

 

I thought this article was very very interesting, as I feel it exposes not just the managers' venality but the abject passovity of investors in general. Most of my exposure to this osrt of thing comes through my family but it is literally appalling to see how often boards and funds fail to protect their own interests in the face of some mouthy halfwit in an expensive suit.

 

And note that these are not cranks suggesting the system is misbehaving, but very senior staff.

Edited July 31, 2010 by Walsingham