] founder Jack Bogle
isn't happy with some recent public criticism leveled him by a fellow fundster. Last week Neil Hennessy
-- chairman, president and CEO of Hennessy Advisors
] -- responded to a recent Wall Street Journal
op-ed by Bogle with a piece of his own, defending the mutual fund industry from Bogle's accusations about the cause of fee changes (see The MFWire
). Bogle countered by giving an interview
' Jessica Toonkel, claiming that Hennessy "is running an enormously profitable management company with inferior performance in these funds, in part because of the excessive fees he charges."
"It should be he who is without sin who casts the first stone," Bogle told InvestmentNews.
"The bottom line is, he wrote a piece, I wrote a rebuttal, and that's the end of the dialogue," Hennessy told the pub.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now