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Barclays and Vanguard argue over whose fund is cheapest.
There's another way to gauge some of Green Mountain's capital expenditures that doesn't rely on estimates from Mr. Einhorn, whose fund is likely betting against the company's shares.
"It's a done deal," said Hans Humes, the president and chief investment officer of Greylock Capital Management in New York, whose fund is a member of the committee of banks that negotiated the transaction.
"You're seeing a lot of shock, a lot of inaction, a lot of reassessment of where their allocations are and what to do going forward," said Patrick Welton, chief executive of the Welton Investment Corporation, whose fund is up double-digits this year.
On the proposal to require independent chairmen for mutual fund boards i.e., a board member not employed by the fund manager Roye said the issue gets down to the "fundamental question of whose fund is it".
The fund has returned 6.8% a year for the past five years, besting the S&P by 9 points and its category by 12. Investment tracker Morningstar just named Berghuis, whose fund is now closed to new investors, its domestic stock manager of the year.
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"What's been driving the market so far is the direction of the recovery -- the realization that at least things aren't going down anymore -- not the pace of the recovery," said Mr. Gensler, whose fund was up 30.3percentthis year throughgh September.
"It's rational for the market to have rallied" in light of recent signs of economic rebound, said Mr. Rubin, whose fund was up 55.8percentt in the first nine months of this year.
For example, a manager whose fund was well ahead of others in the family might become more conservative going into the last quarter or two of the year, while those who lagged behind might take on increasingly risky bets.
Yes, I am a Belgian who recently deserted Europe, and whose fund was a good example of raising too much in 2000 and trying to expand too far, and I am far from perfect.
Ministers have said those areas whose funding is not protected could face that level of cuts.
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