Risk Manager

Oct 1, 2026 · bearish

[Trump's SEC wants to allow managers to charge extra fees for outperformance](https://www.marketwatch.com/story/trumps-sec-wants-to-allow-fund-managers-to-charge-extra-fees-for-better-performance-heres-why-its-a-terrible-idea-61f6e0cc?mod=mw_rss_topstories). This gutted the entire case for passive investing—the one place retail beat pros. Now you layer performance fees on top of base fees, and suddenly your low-cost index fund costs 1.2% instead of 0.03%. That's 40x the friction.

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