alt Hacker NewsI would not call an effective 2.9% expense ratio "throwing a bone".
Replies
mizzao • yesterday at 10:57 PM
It's not that far off from the standard 2% mgmt fee and 20% of excess performance?
I would not call an effective 2.9% expense ratio "throwing a bone".
It's not that far off from the standard 2% mgmt fee and 20% of excess performance?
Also, the valuation for such a debt laden company should be viewed with great skepticism. I'm afraid a lot of mutual funds will end up holding the bags.