Commentary: You Should Know What Your Fund Manager Is MakingGeoffrey Smith
Investors pour millions of dollars a day into mutual funds, but they do so without one piece of critical information: How are fund managers paid? For decades, the Securities & Exchange Commission has required public companies to reveal CEO pay--but that doesn't extend to mutual funds. Now that the funds hold more than $2 trillion of the public's money, new questions are being raised about why fund companies should be exempt from disclosing how much they pay portfolio managers.
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