AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Remember Janus and Putnam, Strong, and Alliance Capital? With the stock market reaching levels not seen in two years, it's tempting to forget about the mutual-fund scandals that broke a few months ago. Investigations into shady trading practices that conferred black eyes on a dozen fund families are hardly as riveting as watching your own portfolio come back to life.
And outrageous as it is, the mutual-fund mess (See CloseUp on page 13) is relatively small potatoes. The total amount lost to investors is an estimated $5.4 billion, but that's just a smidge to the $7 trillion fund industry. Moreover, most of the funds involved have announced that they will repay ...