Pension Funds Paying Millions for Useless Advice
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  • Andrew Allison

    Given the incontroversial evidence that index funds outperform actively managed funds, should not the question be how much are the kickbacks to the fund managers?

  • Joseph Blieu

    People pay Buffett a big fee in A and B share price to get better returns. He does achieve this by his overall long term strategy of investing in quality and beng informed enough to identify quality. Index vs quality index is the premium.

  • NCMountainGirl

    Corruption is a component in this. I saw the tax return of a local temaster’s president’s childhood friend. The dude was a barely articulate high school grad, owned no stocks, funds or bonds himself and had done time in the federal pen. Yet also got an annual high five figure 1099-Misc from a financial services giant that handled the union’s pension funds, The g

  • Are you sure it’s negligence? Perhaps they are hiring the “experts” that tell them what they want to hear.

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