Money market funds pay next to nothing.
But when the yield falls short, funds pay investors from their principal.
Disappointing returns spell danger for companies whose pension funds pay a fixed benefit to retirees.
Over all, shareholders of Alliance's general stock funds pay almost $1.80 for every $100 they invest.
"She does not have the right to have county funds pay for it," Mr. Broderick said.
Second, Justice Alito said, courts "should not rely too heavily" on comparisons to what other mutual funds pay their advisers.
Public funds pay a lot of money to managers of so-called alternative investments like private equity, venture capital, real estate and hedge funds.
It is hardly a good sign that most hedge funds pay little attention to ratings, assuming their own models to be better.
Other proposals focus mainly on disclosure of brokers' possible conflict of interest, of the fees funds pay to brokers and of information about portfolio managers.
The consequences would be that hedge funds would invest in fewer companies, and fewer shareholders would receive the premium hedge funds pay.
Average pay varies with the type of firm: hedge funds pay their managers on average $230,000, well above the rest of the street.
