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What are the benefits of the S.E.C. proposal to make fund boards more independent?
The advantage of the long-term investor is that he avoids the transaction charges which make fund management a "loser's game".
The industry had vigorously opposed disclosing proxy votes, saying the practice would increase fund costs and make fund executives the targets of special interests.
Proponents of the personalized example say it will increase consumer awareness of the cost of various fund fees, and make fund comparisons easier.
Again, both sound sensible prods to make fund managers wake up and take more responsibility for what is done in their clients' names.
It also wants to make fund managers itemise services they buy on top of dealing, and to get them approved by clients.At present, fund managers do not unbundle their charges in this way.
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This could make fund-raising easier.
However, she said, she voluntarily decided not to make fund-raising appeals to such companies.
That would make fund-management fees of 1-3% loom proportionately a lot larger.
At first, aides say, they had to press him to make fund-raising calls.
Other lobbyists, though, worry that prosecutors' new tactics could make fund-raising more perilous.
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CEO of Professional Science Editing for Scientists @ prosciediting.com