Monday, January 30, 2012

Paying for Alpha and Not Getting It

Israeli retirement and other public funds grew 0% in the last five years. The fund managers pocketed 11.4 billion shekels for this service. From Globes. I knew it.

2 comments:

Anonymous said...

It is the same scam the world over.

Anon.

J said...

How we all fall for it?

It took me six or more years to understand that fund managers had no advantage over the index or me/