'The Subtle Fleecing of So-Called Sophisticated Investors'

Weâ??ve been looking recently at the false promises of a zombie hedge fund industry. Now letâ??s widen the lens a little to take in asset management more broadly, and the self-interested warping of a concept at the heart of investing.

Start with this terrific piece from Bloomberg, about how investors have been gulled by the supposedly respectable brokers of Wall Street selling investment products known as managed futures.