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According to a Morningstar study, less than half of mutual fund managers are invested in their own funds. In total, few own more than a token stake. Yet they are still collecting fees. Even when they lose clients’ money!

We believe in having managers put a substantial portion of their net worth right beside clients’ money – not enough of them do so.

It’s time for a change. Our money is invested right beside your money. Virtually all of our money. That’s not something many other managers can say.