these guys earn millions, sometimes tens of millions, for their skills: • 2,126 own no shares in the fund they manage. • 159 managers had invested between $1 and $10,000 in their own fund. • 393 managers invested between $10,001 and $50,000. • 285 managers invested between $50,001 and $100,000. • 679 managers invested between $100,001 and $500,000. • 197 managers invested between $500,001 and $999,999. • 413 managers invested more than $1 million. So the obvious question is, if the people who manage the fund aren’t investing in the fund they run, why in the world would I? Good question!!!
