Mutual Fund Manager Gives Back His Fees


April 2, 2009 by Preet 1 Comment

Francis Chou (who I’ve heard is one of the nicest guys in the industry) is something else. The Chou Europe fund which was launched in 2003, has not made money for unit-holders for the past six years and change – which is not that unusual for a fund given what’s just happened in the markets. But what IS unusual is that Chou is giving back all the management fees he’s ever charged during that time.

You can read more about it here.

Bravo Francis!

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About Preet
Preet Banerjee, B.Sc., FMA, DMS, FCSI is the W Network's Money Expert. He is a former stockbroker and financial planner. Prior to that, he was a racecar driver, and before that he trained to be a neuroscientist. Basically, he can't hold down a job for very long.

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  1. Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Jobs (again) says:
    April 3, 2009 at 6:04 am

    [...] at Where Does All My Money Go writes about a Mutual Fund Manager who Gives Back His Fees (and that is not an April fools [...]

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