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Preet Banerjee, B.Sc., FMA, DMS is a former stockbroker and financial advisor in Toronto. Information on this site is for entertainment purposes ONLY. Always seek individual professional advice before making any financial decisions.

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Mutual Fund Manager Gives Back His Fees

April 2nd, 2009 • Related • Filed Under
                                                         
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Francis Chou (who I’ve heard is one of the nicest guys in the industry) is something else. The Chou Europe fund which was launched in 2003, has not made money for unit-holders for the past six years and change – which is not that unusual for a fund given what’s just happened in the markets. But what IS unusual is that Chou is giving back all the management fees he’s ever charged during that time.

You can read more about it here.

Bravo Francis!

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  1. Pingback by Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Jobs (again) on 3 April 2009:

    [...] at Where Does All My Money Go writes about a Mutual Fund Manager who Gives Back His Fees (and that is not an April fools [...]

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