The basic fee of 0.05% in case the funds underperform are quite meagre, will this approach be sustainable? The fee income has to pay for a lot of expenses. The comp for CEO Peter Kraus alone ($6.35 Mio according to Yahoo) would need a fund volume of 12.7 Billion (!!) to pay for, and that leaves NOTHING for any other costs!
AllianceBernstein Fires the Latest Shot in the Fee Wars (Barron's, PayWall)
How to control Tech Oligopolies
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A new effort has not be made to control the power of the FAANG oligopolies.
Similar to the Trust-busting period of the early 1900's. These firms
provide pr...
6 years ago
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