71. Meanwhile, bond funds with relatively low management fees consistently outperformed high-fee bond funds. 72. More than half this money is invested in stock funds, where management fees are higher than for overseeing bond and money market funds. 73. Merrill has an asset management business that earns it regular management fees -- no matter how the markets perform. 74. Neither Cornell nor the foundation would give details on the management fee or the donation, but both deny that the donation was a factor in the agreement. 75. Mullinax, who played a critical role in exposing the Belmont Learning Center scandal and exorbitant management fees for Proposition BB school repairs, was unavailable for comment. 76. No extra management fees were involved, he says. 77. Mutual fund companies say they have been forced to raise management fees to pay the rising costs of portfolio managers and research in a highly competitive industry. 78. Mutual funds require less watching, but their management fees can be hefty. 79. No company likes to lose assets because that means losing management fees too. 80. Other firms could help sell the securities, but not share the management fee. |
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