Fund Directions - New Book Gives Thumbs Down To Gartenberg

New Book Gives Thumbs Down To Gartenberg

A group of economists who have served as consultants in a number of excessive fees cases, including a recent case brought against American Funds advisor Capital Research and Management Company, have put pen to paper in a new book: "The Mutual Fund Industry: Competition and Investor Welfare." Stan Ornstein, v.p. of Analysis Group, said he and co-authors R. Glenn Hubbard, dean of Columbia Business School, and Michael Koehn, Marc Van Audenrode and Jimmy Royer--who all work at Analysis Group--felt it was important to write the book since they disagree that the public policy toward mutual funds with regard to price regulation is based on sound economic ...

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New Book Gives Thumbs Down To Gartenberg