Morningstar is a great resource for finding funds and important fund details such as the fund fees.

晨星公司可以提供很好的资源，帮你搜寻基金，并提供诸如基金收费情况的重要的基金信息。

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Such portfolios would not only avoid hedge-fund fees, but would also escape the risk of backing a mismanaged fund, such as Amaranth, which lost 65% of its value in September.

用这样的组合不仅能剩去对冲基金手续费，还规避了可能会购买管理失当的基金的风险，例如Amaranth公司，它在九月份损失掉自身价值的65%。

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These middlemen often get a cut of the fund managers' fees, so they have littleinterest in recommending low-cost alternatives.

这些中间人常常从基金经理的费用中提成，所以他们没有兴趣推荐低收费的基金。

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So that staggering amount of money then impairs the fund managers' ability to continue generating excellent returns, but they can stay in business and collect the fees that they get for having this huge pile of money.

于是这巨额的资金,会削弱基金经理,持续创造高收益的能力,但经理们依旧能保住饭碗,一如既往地从巨额资金中获得佣金

耶鲁公开课 - 金融市场课程节选

Reason: Heavy layoffs have reduced costs, while the the gusher of fund fees continues only slightly abated.

FORBES: Fidelity's Folly

Annual account fees range from 0.2% to 0.9% of assets, on top of the underlying fund fees.

WSJ: Advisory Services for Investors on Their Own

The fund company keeps its talent and gets a piece of the action through lucrative hedge-fund fees.

FORBES: Constellation manager