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Just How Useless Is the Asset-Management Industry?

Harvard Business Review

Malkiel poses it for the umpteenth time , and adds to it the observation that expense ratios on actively managed funds have over the past three decades risen substantially, even though economies of scale would seem to dictate that today''s much larger funds ought to have lower expenses as a percentage of assets (domestic equity funds in the U.S.

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How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

As head of the world’s largest asset manager, with $4.6 ” Backing this up is another group of asset managers who have committed $2 billion to invest in a newly created S&P Long-Term Value Index , a subset of companies doing things right. “If you don’t like our strategy,” he told them.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

For example, the SEC in 2010 had charged Goldman with misleading some of the parties to a billion dollar transaction (involving a complex derivative called a synthetic collateralized debt obligation), alleging specific facts about undisclosed conflicts of interest. But, in the op-ed, not a single charge was backed up with a single fact.