{"id":63363,"date":"2018-04-24T00:01:04","date_gmt":"2018-04-24T04:01:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63363"},"modified":"2018-04-23T22:43:39","modified_gmt":"2018-04-24T02:43:39","slug":"the-man-who-could-eat-half-the-profit-in-fund-management","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2018\/the-man-who-could-eat-half-the-profit-in-fund-management.html","title":{"rendered":"The Man Who Could Eat Half the Profit in Fund Management"},"content":{"rendered":"<p>\n(Bloomberg) In June 2016, he laid bare the asset management industry&#8217;s dirty little secrets: actively managed products haven&#8217;t performed better than their benchmarks; firms have grown too big as they focus on gathering assets; and fees have been structured to benefit shareholders rather than clients. That message proved unpalatable. Within a year, Peter Kraus was out as CEO of AllianceBernstein Holding LP.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/gadfly\/articles\/2018-04-22\/the-man-who-could-eat-half-the-profit-in-fund-management\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) In June 2016, he laid bare the asset management industry&#8217;s dirty little secrets: actively managed products haven&#8217;t performed better than their benchmarks; firms have grown too big as they focus on gathering assets; and fees have been structured to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63363","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=63363"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63363\/revisions"}],"predecessor-version":[{"id":63364,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63363\/revisions\/63364"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}