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Posts Tagged ‘wall street fees’

Wall Street Proctology: Morgan Stanley Doctors Are In

Posted by Larry Doyle on October 10th, 2013 9:02 AM |

With interest rates at artificially low levels (thanks to the Fed’s quantitative easing program) and investors increasingly leery of navigating into the shark infested waters of the high-frequency dominated equity markets, what is an investor to do?

More and more investors have been sold on the idea of allocating more capital to alternative investments. One needs to be exceptionally careful when engaging the practitioners engaged in these pursuits. Really? Oh yes.

In what might best be compared to a visit to an unlicensed proctologist, Bloomberg provides a wide angled view into the incredibly expensive and dark world of managed futures as practiced by the “doctors” at Morgan Stanley. (Caution: the mental images here may be upsetting) (more…)

How Much Are You Paying for That Fund?

Posted by Larry Doyle on July 26th, 2010 6:30 AM |

A few weeks back, I chastised a local financial commentator, Julie Jason, for her condescending demeanor toward Madoff investors. This week, I am happy to praise Ms. Jason for her intuitive nature and exploratory work on mutual fund fees and expenses.

All too often we hear asset managers touting their performance and investment expertise. I have hardly ever heard an asset manager addressing the fees and expenses charged for their so-called management expertise. To this end, I tip my hat to Julie Jason for highlighting this critically important topic in writing, Helping Figure Out the Fees:

You may have heard that mutual fund 12b-1 fees, part of the operating expenses of a fund, will be eliminated, which would imply that mutual fund shareholders could benefit from lower costs. Lower costs should mean higher performance.

Don’t be so hasty! Wall Street does not merely allow fees to walk out the door. (more…)

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