Fund managers go with the flow

Comparative review The market downdraught and net outflows of funds have hurt the three fund managers we cover, but their underlying performance, at least in relative terms, has remained pretty good. In boom times, fund management is a wonderful business – for those with a decent reputation at least. There’s a triple whammy as funds flow in, they get invested and rise in price, and the extra earnings from managing it all gets priced....

 Tue Nov 2008 02:11 (1 month, 2 weeks ago)
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