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March 11, 2013


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Fidelity Magellan Fund

"Stansky's Monster: A Critical Examination of Fidelity Magellan's 'Frankenfund,'" is now available at

Active Expense Ratios and Active Alphas

Measuring the True Cost of Active Management by Mutual Funds has now been published by the Journal of Investment Management in its First Quarter 2007 issue. (The link takes you to an electronic reprint in PDF format.)

Read the interview with Ross Miller about active expense ratios that appears in the October 2006 issue of Wealth Manager magazine.

Online copies of the November 2005 Money Magazine article by Jason Zweig (includes a table of estimates for the active expense ratios of 100 of the largest mutual funds as of the end of 2004): Short version and long version

Read the article in the February 2007 issue of Investment Advisor.

The abridged version of the theory behind active expense ratios and active alphas appeared in Ross Miller's Capital Notions column for the September/October 2005 issue of Financial Engineering News.

Slides from the October 20, 2005 talk at the Boston Economic Club (requires Adobe Acrobat or other PDF file reader)

Chet Currier's syndicated Bloomberg article about the working paper (from the Eugene Register-Guard, no registration required)

Brad Zigler explains the active expense ratio is this article from the February 2006 issue of Registered Rep.