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> I think this is a ploy by the management firms that are being undercut and in a tight market (or a down market) the management fees become important. I'm pre
by morgante 11y ago
> I think this is a ploy by the management firms that are being undercut and in a tight market (or a down market) the management fees become important.
I'm pretty sure it is almost exclusively a ploy by David Danon (who brought this complaint) to extract a massive whistleblower fee.
- AstroJetson 11y agoGood point. I'm pretty sure that Vanguard has thought this through. The article says "Danon collected a $117,000 whistle-blower bounty in Texas in November, meaning that Vanguard paid the state at least $2.3 million. It’s possible that Vanguard’s payment had nothing to do with the fee issue." So I'm going to guess it's some other arcane thing they missed.