You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Mutual Funds

Managers make case for investing in own funds

NEW YORK — Would you eat at a restaurant where the chefs didn’t eat their own cooking? Would you have joined the Hair Club if the president weren’t also a client? Then why would you invest in a mutual fund where the managers don’t put their own money alongside yours?

That’s what a growing number of managers are asking. They invest their own savings in their funds, which they say makes them more in tune with investors’ interests. Mutual fund managers aren’t required to invest in their own funds, and they can still perform well without doing so. But it’s encouraging for investors to see that managers believe enough in the fund to put their own money on the line, proponents say.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week