The fund that “ fund manager buys his to manage oneself is among them what assess to fund is important measure index. Although this is unwarrantable,fund will be behaved, but the heavy visual range that can reflect pair of investor increases from flank is spent. Can transmit openly information to investor; Namely fund manager and fund holder are in same alignment, can put investor interest in the first. ”

In the process that we are criticizing nuclear fund wait for the judgement that quantifies index besides the configuration to outstanding achievement of fund associate with, risk, asset, industry and assorted change outside, still can be opposite fund company is interior, like company culture, management mechanism, cast grind the respect such as group and fund manager undertakes making an on-the-spot investigation qualitatively. Among them, of fund manager managing fund to buy an amount oneself to its is among them measure index importantly. The meeting in the fund that we think fund manager manages him invest in of one share own reserves forms mechanism of an ego drive. Because the main income of fund manager comes from the overhead expenses at fund, because administration fee is direct with fund dimensions link up with, as inferior as relation of foundation outstanding achievement, this kind of incentive mechanism is certain the connection of the fund manager interest on degree and investor rises. Also can avoid fund manager to obtain higher fee income (the outstanding achievement deduct a percentage with partial foundation certain collection) , assume higher risk to obtain short-term goal or high income to allow investor. This went up to maintain investor interest in certain level.

For all that, but devoted forehead spends the close together rate that also decided this kind of relation. The daystar thinks, fund manager is devoted 1 1 million or above capital can reinforce bilateral interest concern more effectively. If devoted financing volume is minor, also reduce subsequently to the prompt action of fund manager. American card inspect is met to increase the diaphaneity of fund manager income, give investor more the case about fund of fund manager hold, be in early the detailed detailed account that the amount that began to ask fund company refers fund of fund manager hold 2005 and capital specified number spend. This regulation also stimulated consciousness of partial fund manager to buy oneself fund, the general before be like is believed (T. Rowe Price) the fund manager Si Difen of capital appreciation fund·Boyisaier (Stephen Boesel) decide after code comes on stage with own reserves 50 invest fund to 1 million dollar.

Recently, we undertook collect and be analyticed to this share data. The analytic discovery that has to 6000 fund before has above of half the number to did not undertake fund is recorded be buyinged oneself. Participate in degree more to know manager of which company fund can more clearly or fewer, what we belong to fund company classify by them.
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