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...
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 similar account to X’s firm. Nonprofits are more likely to fall into this trap because they seek out knowledgeable investment ...
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 similar account to X’s firm. Nonprofits are more likely to fall into this trap because they seek out knowledgeable i...
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 similar account to X’s firm. Nonprofits are more likely to fall into this trap because they seek out knowledgeable invest...