Client swapping is an even less palatable and more hidden feature of the investment industry. It is simple and hard to detect. Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a...
Client swapping is an even less palatable and more hidden feature of the investment industry. It is simple and hard to detect. Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a...