There's a new kid on the mutual fund industry's block. Barron's
Mike Hogan wrote a feature Monday on Mark Smith
, a.k.a. Trader Mark, who started a mutual fund using his blog, Fund My Mutual Fund
. Smith has so far gotten $3 million in pledges for the fund; he needs $7 million to break even. Hogan estimates that Trader Mark will need to charge 175 bps annually to cover fixed costs associated with running the fund.
To view Smith's blog, click here
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