TITLE

Raising Expectations

AUTHOR(S)
Lee, Shelley A.
PUB. DATE
May 2004
SOURCE
Journal of Financial Planning;May2004, Vol. 17 Issue 5, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This section deals with the routine practices by some mutual funds that would mushroom into mutual fund scandals. Eliot Spitzer, New York Attorney General, had a difficult time believing the scandal. Mercer Bullard, founder of Fund Democracy, says that the thing that is most disheartening about mutual funds is the continued irrelevance of fund directors. According to Bullard, they have not been held personally accountable over the years and they are merely living down to the lowered expectations that were set for them. She added that investor and advisor faith in mutual funds is critical and their future will indicate a lot about the future of the U.S. financial security. She recommends that all clients and planners alike should raise their expectations.
ACCESSION #
13089850

 

Related Articles

  • Spitzer v. the Fund Industry: An Expert's View. Jamieson, Dan // On Wall Street;Oct2003, Vol. 13 Issue 10, p22 

    Interviews Mercer Bullard, founder of the Fund Democracy, on the complaint filed by New York Attorney General Eliot Spitzer against the Canary hedge fund for illegal mutual fund trading. Mislabeling of market timing problem by Spitzer; Effect of the arbitraging of stale prices; Risks in letting...

  • Spitzer Chases Canary Copycats. Neel, Dan // Investment Management Weekly;9/29/2003, Vol. 16 Issue 38, p3 

    Reports on the probe by New York State Attorney General Eliot Spitzer into possible illegal trading between hedge funds and mutual funds as of September 2003. Reason for Spitzer's efforts; Investment firms subpoenaed by Spitzer.

  • Deals May Be Near in Mutual Fund Probe. Julavits, Robert // American Banker;11/7/2003, Vol. 168 Issue 215, p20 

    The office of New York Attorney General Eliot Spitzer is in discussions with the companies hit with the initial phase of his mutual fund probe and could announce deals or charges as early as next week. Most of the companies will probably agree to a settlement, and only Strong Capital Management...

  • Are mutual funds playing fair? Wollenberg, Yvonne Chilik // Medical Economics;10/24/2003, Vol. 80 Issue 20, p10 

    Reports on the efforts of New York Attorney General Eliot Spitzer in probing trading practices in several mutual fund companies. Speculation by Spitzer of possible robbery of money from shareholders through improper trading practice that favor large institutional clients over ordinary...

  • International Equity, Alternatives Up in 4Q. Forde, Arnella J. // Investment Management Weekly;1/26/2004, Vol. 17 Issue 4, p1 

    Reports on an increase in investments in international equity and alternative vehicles in the U.S. in the fourth quarter of 2003. Value of investment placed by plan sponsors in the international equity market; Advantages of the mutual fund investigation launched by New York Attorney General...

  • Don't get burned by churn. Stires, David // Fortune;12/8/2003, Vol. 148 Issue 12, p228 

    Since market timers cycle large amounts of money in and out of funds, those funds are likely to report that total sales, which represents money flowing into the fund, and total redemptions, which represents money flowing out of the fund, are close to equal. Investors should also be suspicious,...

  • Don't get burned by churn. Stires, David // Fortune International (Europe);12/8/2003, Vol. 148 Issue 12, p82 

    Since market timers cycle large amounts of money in and out of funds, those funds are likely to report that total sales, which represents money flowing into the fund, and total redemptions, which represents money flowing out of the fund, are close to equal. Investors should also be suspicious, ...

  • One Year Later, Brands Are Disappearing. Frankie, Chris // Money Management Executive;9/13/2004, Vol. 12 Issue 36, p1 

    On September 2, 2003, one day before Eliot Spitzer's famous press conference on Canary Capital, the thought of a slew of high-profile, highly respected fund names disappearing during the ensuing 12 months was almost inconceivable. But just one year, after Fundgate kicked off, brand names like...

  • Morningstar Backs Off Recommending Funds Named in Spitzer's Probe.  // Money Management Executive;9/22/2003, Vol. 11 Issue 37, p4 

    Reports on the decision of Morningstar Inc. to suspend its recommendation on families' mutual funds that were cited by New York State Attorney General Eliot Spitzer in his investigations as of September 22, 2003. Alternative support extended by Morningstar Inc. for the mutual funds; Comments...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics