26.02.2009 - US commodity trend funds find pensions elusive
From Forbes: Trend-following fund managers in the United States aim to reel in bigger clients after placing winning bets on falling commodity prices, but conservative pension groups like Calpers and their advisers said on Wednesday they aren't biting. High management fees of up to 6 percent a year and another 20 percent on profit is one reason why such fund managers -- who buy when markets are up and sell when they are down -- are disliked by those advising pensions, endowments and other institutional funds..... Full Article: Source