High Fees. Poor Performance. That’ll Be $10B in Advisory Fees

On a call with about a dozen fund directors this past spring, the new head of the SEC’s investment management division discussed what may be his great white whale: mutual funds that charge more than their peers but perform worse. “It certainly heightens scrutiny that those fund complexes deserve, and the board might be placing on [them],” said Sam Campbell, a partner at FUSE Research Network.

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Article published on September 20, 2022