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> those managers gobbled up more than 95 percent of the value added So they added value above and beyond the benchmark and you're complaining that they expecte
by maxk42 12y ago
> those managers gobbled up more than 95 percent of the value added
So they added value above and beyond the benchmark and you're complaining that they expected compensation for this service?
- sukilot 12y agoIf they underperforming benchmark will they eat the loss?
- harry8 12y agoThis. They get a free option, they get upside exposure for zero downside risk. Hell it's even a sweeter deal, they get paid as though they got the upside even if they screw up royally. How did all those funds miss that all those securitized mortgages were junk and not AAA? Just like this. S&P say it's fine so Larry, fancy a round of 18 before our business lunch?