{"id":69376,"date":"2019-05-22T00:39:47","date_gmt":"2019-05-22T04:39:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=69376"},"modified":"2019-05-22T00:39:47","modified_gmt":"2019-05-22T04:39:47","slug":"toxic-cocktail-brewing-for-u-s-asset-managers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2019\/toxic-cocktail-brewing-for-u-s-asset-managers.html","title":{"rendered":"&#8216;Toxic cocktail&#8217; brewing for U.S. asset managers"},"content":{"rendered":"<p>(Reuters) &#8211; Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be \u201cthe next group to feel disruption\u201d and may be headed for large share price falls. Kass, who runs Seabreeze Partners Management, said in a note to clients that he does not believe investors are aware of how commoditized the money management business has become. \u201cAs an example, a year ago, a boutique fund manager, Salt Financial, began to pay clients five basis points a year to manage their money!\u201d <\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-funds-hedgefunds-kass\/toxic-cocktail-brewing-for-u-s-asset-managers-hedge-fund-investor-kass-idUSKCN1SR1VT?il=0\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be \u201cthe next group to feel disruption\u201d and may be [&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-69376","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69376","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=69376"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69376\/revisions"}],"predecessor-version":[{"id":69377,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69376\/revisions\/69377"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=69376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=69376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=69376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}