In a letter, Pimco's Bill Gross slams the fund industry for hefty fees on subpar performance:...

|By:, SA News Editor

In a letter, Pimco's Bill Gross slams the fund industry for hefty fees on subpar performance: "I've never known any gold-capped tooth money managers, but without squinting very hard there is undoubtedly a strong resemblance between all of us 'managers' and the infamous Madame Rue selling Potion #9."