Another Mutual Fund Manager Going Down
Mr. Vilar supposedly took most of the IPOs he received as manager of the Amerindo Technology Fund (ATCHX) and gave them to a small group of wealthy clients investing through an offshore account.
Pretty pathetic if you ask me. This makes Bogle's case for indexing even stronger!
Tags: Alberto Vilar, Amerindo Investment Advisors, Amerindo Technology Fund, ATCHX