In April 2009, Wendy Jefferson had just returned to his office after a whirlwind day of meeting her new client, Star Advisor. Jefferson, a financial consultant, I wanted to delve into the information provided by her and her team on the Star of mutual funds and income funds received from securities lending. Securities lending by the interim transfer of securities of the mutual funds managed by the adviser to the stars in the short sellers and other investors. Revenue from these loans was small, but safe component star mutual fund returns for decades. "Hide
by Robert C. Pozen, Gayle Hameister Source: Harvard Business School 24 pages. Publication date: April 26, 2011. Prod. #: 311130-PDF-ENG
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