This is a big week for MIG. Its meeting is on Thursday
The business model in operation since 1996 has to be changed. The base fee must be lowered and the performance fee set lower.
There is widespread view that the MIG employees work really for MBL and investment decisions are oriented the financial interests of MBL. Until recently fund employees were compensated by shares in MBL and not in the funds. This has been partially changed.
MIG’s governance principles have been rated poorly by fund managers.
Investors Mutual and 452 will not touch MIG.
MIG must take notice of this.
This is a big week for MIG. Its meeting is on ThursdayThe...
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