Business Services Industry
Expert: Bentley College Professor Available to Comment on Mutual Fund Industry Scandals.
AScribe Business & Economics News Service, November, 2003
Byline: Bentley College
WALTHAM, Mass., Nov. 10 (AScribe Newswire) -- Bentley College Professor of Finance Leonard Rosenthal is available for media interviews regarding the recent problems and scandals in the mutual fund industry.
Rosenthal puts the current situation in perspective, warning that there is danger ahead.
"At current time, the magnitude of fund shareholder losses that we are aware of are very small, relative to the almost $7 trillion under mutual fund management," he says. "However, we have yet to see the full magnitude of shareholder losses. Even more important is the loss in credibility and trust given the prestige of some of the funds and fund families. Among the well known fund families involved so far are Putnam, Strong,...
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