Home » Extra Extra » Bloomberg Markets investigation finds investors lose 89 ...
Bloomberg Markets investigation finds investors lose 89 percent of gains from futures funds
Bloomberg Markets magazine investigates the managed futures industry, and finds that while 63 public partnerships earned $11.5 billion over the past decade, 89 percent was siphoned away in commmissions, fees and expenses.
In a nine-month investigation relying on compiled data from the Securities and Exchange Commission, Bloomberg Markets found that the partnerships wiped out all the trading profits -- all that was left for investors came from interest earnings on the limited partners' cash. The impact of these high fees has escaped both regulators and some industry executives, the magazine reports.