FYI: Unpleasant it may be, but investors do better if the mutual funds they hold are managed by companies with an ethos more like that of a viper pit than a kindergarten.
Cooperation is essential for wellbeing and economic growth, surely, but a new study shows that fund families with more internal competition for rewards among managers produce better results.
Regards,
Ted
http://www.reuters.com/article/us-markets-saft-column-idUSKCN1BA2R4
