Ameritor Mutual Funds: The “Dead Man Funds” Harvard Case Solution & Analysis

The Ameritor family of mutual funds was nicknamed the "Dead Man Funds" as a result of its own horrendous functionality and also the supposition that people who kept their cash in the funds had no choice, in other words, they were dead. Established in the 1950s, the funds boasted $200 million in assets under management by 1970. But those amounts instantly dropped to practically nothing by the late 1980s.

Expense ratios skyrocketed as high 40 percent per annum, the SEC filed numerous lawsuits, and turnover rates reach at 400 percent in a few years. By 2010, the mutual funds had either been liquidated or went out of business. The case examines the passing of the funds, highlighting the investors who chose not to remove their capital as well as the first outflow of funds.

PUBLICATION DATE: October 03, 2011 PRODUCT #: F276-PDF-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING\

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