oh the 1% make noise!

Advocates for individual investors, such as John Bogle, have railed against high investment fees for decades. These days, similar complaints are coming from the world’s wealthiest institutions and families.

More and more of the super wealthy are making direct investments rather than going through fee-heavy funds. They’ve also boosted allocations to hard assets like art and gold fivefold.

from : Fee Fight, by Ben Steverman at bloomberg.com

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