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It's the end of an era. On Dec. 29, Andrew Green, one of the best mutual fund managers of the past two decades, finally closed his funds to new money.
London-based Green, who works for UBS'(UBS Quote) Global Asset Management division, decided that $8 billion was about as much as he could handle if he wanted to continue to beat the market.
It's something worth thinking about here in the U.S., where greedy fund management companies continue to put their own interests before those of their investors and let successful funds bloat with new money to $30 billion, $40 billion or even more. ...
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