Fee-disclosure loophole is cited

11/20/2012 | InvestmentNews (free registration)

Knollwood Investment Advisors found a loophole in the fee-disclosure rules, which resulted in Grant Park Managed Futures Fund hiding fees, Morningstar analyst Nadia Papagiannis says. The move allowed the fund to lower its expense ratio. Papagiannis said it's only a matter of time before other funds do the same.

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