Gosling's Grouse: Closet compensation
Investment Week founding editor Lawrence Gosling
Critics of active investing had a field day recently when the FCA announced a group of investors were getting £34m in 'compensation' from so-called closet tracker funds.
The investors had apparently been 'misled' into paying an 'active' management charge for a portfolio which effectively tracked the index. But so much about this whole episode, as part of the ongoing...
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