Fund Managers Avoid Own Funds

The majority of fund managers do not have a single dollar of their personal assets in the funds they manage.

"So much for having some skin in the game. While investors typically like to see that mutual fund managers are eating a bit of their own cooking and investing in the funds they run, it turns out that the majority of fund managers actually do not have a single dollar of their personal assets in their funds.

According to data from Morningstar, managers in 2,257 funds, or 51%, of the roughly 4,400 mutual funds it has tracked for ownership levels over the last five years, have not personally invested in their own portfolios."

Read more at Investment News.