New Study Observes Racism In Investment DecisionsMark Melin
Mutual fund managers with "foreign sounding names" get punished relative to "American sounding names," leading researchers to wonder if certain fund managers might "experience some form of discrimination."
When operating a mutual fund it is best to have an “American sounding” name and garner media coverage in order to obtain additional assets under management. Further, having a foreign sounding name can cost the fund manager as much as $133,000 in lost fees per $195 million under management . . .
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