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Mr. Bogle cited a 40percentt increase in expense ratios from 1978 to 2002, despite a 114-fold114-folde in fund assets.
C1 Increase in Fund Spending Americans put a near record amount into stock mutual funds in January, $40.8 billion, suggesting that last year's rebound from a three-year rout has restored investors' confidence in stocks.
Another study found that a 50 basis point increase in fund fees led to a 17.2 percentage point increase in portfolio allocations by advisers.Perhaps the advisers are recommending better funds?
"The big increase in fund manager activism comes partly from their frustration with corporate irresponsibility, but more importantly from client and regulatory encouragement," said Gary Lutin, an investment banker at Lutin & Company in New York representing institutional investor interests in corporate control contests.
The same amount of capital invested into fewer funds, unsurprisingly, has led to an increase in fund size.
Multi-stage fund-raising was strong for the quarter, with 17 funds raising $5 billion, a 13% increase in fund closings and 19% increase in capital raised.
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Some parents point out that the increase in fund-raisers arises from the desire to keep school taxes low.
"He would be a wonderful addition". Spitz said he wanted to see stiffer standards for selection to the hall, an increase in fund-raising and sponsorships and the modernization of the displays to make them interactive and child-friendly.
"Following Rick's commanding reception at the state convention, we had a dramatic increase in fund-raising, which brings our total amount raised to well over $3 million," Barney Keller, the campaign's spokesman, said in an interview.
The trend of longer holding periods is also attributable to an increase in fund-to-fund transfers inside fund complexes, which allow PE firms to continue to build platforms over longer periods, while simultaneously allowing LPs to cash out prior to exit.
"Now that the candidates have opted out of public funding, the spending limits that came with public money are no more, so they are free to fund-raise as much as they feel they need to," said Brendan J. Doherty, a political science professor at the Naval Academy whose book "The Rise of the President's Permanent Campaign," which will be released next month, chronicles the increase in fund-raising.
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