Word: managerized
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FRANK WÖCKEL, business manager of Berlin's Eitmann-Verlag publishers, on why the firm, which prints antismoking books, bans employees from smoking, even at home on their own time
These are fairly radical findings. Young funds tend to have high expense ratios--an average of 1.53% of assets for funds less than three years old, vs. 1.48% for all others--and so face a higher hurdle before they make money for investors. They also blow up more often and...
But two new studies suggest otherwise. As a fund becomes successful, it quickly begins to underperform its potential, even though it may keep outperforming its peers, according to Jonathan Berk, a business professor at the University of California, Berkeley, and Richard Green, a business professor at Carnegie Mellon University. Why...
The question then is, How do you spot a hot young fund before it's obvious--and the money pours in? You should ignore one-or two-year returns and focus on what stocks a fund holds at any given moment, according to Randolph Cohen, finance professor at Harvard Business...
Zhang Baoxiang Serving a life sentence for fabricating $23.3 million in tax rebates as general manager at a state-owned cashmere import-export company. The government fined the firm $58 million