Chuck Jaffe is giving away coal like its a renewable resource; today he released part two of his "Lump of Coal Awards"
for the fund industry. Winners of the prestigious fossil fuel this time around include: mutual fund directors, for telling investors the fees they pay in percentage points and not dollars in cents; every fund firm that launched a REIT at the height of the real estate bubble (Jaffe says they should have learned from the mistakes of 2000-2002). And what diss-list is complete without a swipe at perennial favorite Janus, Jaffe admonishes the company for highlighting the its portfolio managers investing in funds alongside investors in an ad campaign, but forgetting to mention that 14 of those managers had flown the coup in 2007.
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