Chuck Jaffe follows up last week's "Lump of Coal" awards for fund-industry mischief with a new...


Chuck Jaffe follows up last week's "Lump of Coal" awards for fund-industry mischief with a new edition. On this week's naughty list: Value Line (VALU), the SEC, FaithShares ETFs, Pimco and more.
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  • Tatertot
    , contributor
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    I think Chuck was a little unfair on Gross. Gross was complaining of excessive fees, yes, but only ones that were not commensurate with returns. Gross, for all of his faults, has done an amazing job with Total Return, managing to generate a positive return in '08, 14% in '09, and has 5 & 10 year returns above 5% (fee included). I know that I will gladly pay someone a 1% fee for performance like he has given in the past. I'll pay for performance, but (like Gross said) the industry by and large is not worth its fee structure.
    21 Dec 2009, 08:06 PM Reply Like
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