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The fund management industry is among the most profitable. But the industry’s fee-charging practices are not without critics. As one cynical observer put it, paraphrasing Winston Churchill: “Never in the course of history have so many paid so much to so few for so little.”At the most extreme… Read More

It’s the era of easy money. The world’s central bankers are trying to stimulate economic growth and create jobs by keeping interest rates historically low. Of the 10 major economies in the world, only three countries have short-term interest rates exceeding 0.5%. Another three have negative short-term interest rates: borrowers… Read More