Fleeced by Fees

should be the title of THIS piece on “managed futures.” It goes on to show how managed funds over 2003-2012 kept 89% of the profits they made  as “fees.” One of the Commissioners of the CFTC who is quoted in this story was apparently unaware that the costs were so high.  BTW, the CFTC oversees this  $330 billion dollar industry.

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