It started with a simple question: What did William Birdthistle, the head of the Securities and Exchange Commission’s Division of Investment Management, mean when he said in March that he was interested in “funds that underperform the market while charging relatively higher fees?” With technical assistance from FUSE Research Network, Ignites/BoardIQ calculated the 10-year asset-weighted total annualized return for each fund.
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Article published on September 20, 2022