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CFTC Opens Probe Into Fees Charged by Managed Futures Funds

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The Commodity Futures Trading Commission is investigating the high fees charged to investors in the $337 billion managed futures market.

CFTC Commissioner Bart Chilton says the agency initiated the inquiry after Bloomberg Markets magazine reported in its November issue that 89 percent of the $11.51 billion profits of 63 managed futures funds was consumed by commissions, fees and expenses.