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Capitalism finally comes to the fund management business

20th May 2015

When McNally and I met recently we talked about a system whereby a low percentage fee would be charged on enough of the assets under management to cover the costs and basic pay of the business (remember, you have to pay good managers just enough to stop them leaving to work for more aggressively rapacious businesses) and a performance fee on the rest.

Read full article in MoneyWeek

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