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Rating:Fidelity, Vanguard and Others Earn Coal Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 12, 2011

Fidelity, Vanguard and Others Earn Coal

News summary by MFWire's editors

Over the weekend, MarketWatch columnist Chuck Jaffe revealed the "winners" of his annual Lumps of Coal Awards. Now on its 16th year, the awards "recognize managers, executives, firms, watchdogs and other fund-industry fumblers for action, attitude, behavior, execution or performance that is misguided, bumbling, offensive, disingenuous, reprehensible or just plain stupid."

In the first in a two-part series, Jaffe named the following awardees:
1. Gary Gensler, chairman of the Commodity Futures Trading Corp.
2. Invesco Technology Sector Fund [profile] shareholders 3. Aston Value Fund
4. Management at Fidelity Investments [profile]
5. Purveyors of absolute-return funds
6. Hedge-fund managers
7. Vanguard Group [profile]
8. Rochdale Investment Management [profile]
9. The U.S. Supreme Court  

Edited by: Armie Margaret Lee


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