Ameritor family of mutual funds called "Dead Man funds," because of his performance and the terrible assumption that those who kept their money in the funds do not have a choice, that is, they were dead. Founded in 1950, boasted assets of $ 200 million in assets under management in 1970. But those numbers quickly dropped to almost nothing in the late 1980s. In 1989, Morningstar Inc., told investors: "We urge you to cut your losses and get out." Expenses ratio soared above 40 percent per annum, numerous lawsuits have been filed with the SEC, and turnover hit 400 percent in a few years. By 2010, mutual funds were either closed down or went out of business. The case examines the collapse of funds by providing an initial outflow of funds as well as investors who choose not to remove their capital. "Hide
by Jonathan Burke, Debra Shifrin Source: Stanford Graduate School of Business 14 pages. Publication Date: 03 Oct 2011. Prod. #: F276-PDF-ENG
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