What? I fully read the article and also Matt Levine's take. [0] I'm well aware what a mutual fund is and, for the record, think this case is pretty stupid and

What? I fully read the article and also Matt Levine's take. [0] I'm well aware what a mutual fund is and, for the record, think this case is pretty stupid and unlikely to be won. But it's important to understand that there actually are tax principles in play here. Have you heard of transfer pricing? I suggest reading anything. [0] http://www.bloombergview.com/articles/2015-11-25/calpers-fees-and-culture-consultants http://www.bloombergview.com/articles/2015-11-25/calpers-fee...