SEC Investment Management Chief Speaks on Doing Investment Companies Well
Reynolds Holding
MARCH 30, 2022
Albert Hirschman was a historian, philosopher, and economist, and the author of Exit, Voice, and Loyalty. We see inflows of money into funds with low costs and high performance, as economists would expect, but we also see a dearth of outflows from funds that underperform the market while charging relatively higher fees. Others don’t.
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