Investing: A star fund company falls to earth - International Herald Tribune
Investing: A star fund company falls to earth - International Herald Tribune
To Jeff Tjornehoj an analyst who follows international funds for the research firm Lipper that “subsidy” amounted to an admission that the fund’s size was hurting returns. “They’re clearly saying to existing shareholders ‘We need to make up for what we anticipate will be lagging performance figures ‘ ” he said.