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James Anderson: the trouble with the fund management industry

MoneyWeek Talks

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Bailey Gifford

Arebullet: With current model, if you get a percent of the assets under management, regardless. You can create mediocre performance for years and years,. yeas, and still make absolute fortunes. And bailey gifford are completely wrong, as sir tha, the how long term good returns should be made. None the less, this business now has so much under management that fortunes could continue to be made for many decades to come on mildly disappointing performance. That's the kind of thing that myn i lightly just didn't want to escape. But at the industry level, i think this is too short for a problem.

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