The model is from the perspective of fund managers. If you believe his model, th...

		grmarcil on April 10, 2015 \| parent \| context \| favorite \| on: New York Discovers Wall Street Charges Fees The model is from the perspective of fund managers. If you believe his model, then from the other side of the board, as an investor, your conclusion has to be that managed funds are a bad deal, or a break even at best if you find a manager with alpha.