February 24, 2004
I support the requirement that funds provide all information on the negotiation of advisory fees for fund management.
It is obvious that many funds have taken advantage of loopholes in the current regulations to take increasing fees in the management of funds. In many cases the economies of scale promised have never been realized.
I would further advocate that in a future regulation the SEC propose that funds must reveal and report all of their expenses including trading fees as part of their investor material. While the cost of reporting these fees does exist the value of being able to fairly compare the total performance of funds for an investor clearly out weights any internal cost.
Thank you