Here's some good reading related to this blog's thesis.
* * * * *
The Cost of Active Investing, Kenneth R. French, Tuck School, Dartmouth:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1105775&rec=1&srcabs=980291Too big for its Gucci boots: The causes of the overexpansion of the finance industry, Buttonwood, The Economist:
www.economist.com/businessfinance/displaystory.cfm?story_id=14419218
Hedge Funds Challenged Over Fees, The New York Times:
www.nytimes.com/2009/09/17/business/17FEES.html
Private Equity Principles released by the Institutional Limited Partners Association:
http://www.ilpa.org/files/ILPA%20Private%20Equity%20Principles.pdf
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