“The Great Game”

Interesting meeting with Sunil Chadda on September 19th. He is Special Advisor and Advisory Board Member of the Association of Professional Fund Investors (APFI) and he is deeper down into the actual costs of fund management than anyone I have ever met. The hidden costs he identified astonished me.  He is also very clear on the inefficiencies that increase the costs of running DB and DC. I learned a huge amount during the hour we spent together.

I am attaching an extract from the “The Great Game” paper Sunil produced with JB Beckett – Director APFI. It’s a very worthwhile read; albeit somewhat depressing!