Will the Supreme Court interfere with asset managers' pricing models that differentiate individual investors' mutual fund shares from institutional shares and institutional separate accounts? On Monday, November 2, the court will hear oral arguments in Jones v. Harris Associates
(Chicago-based Harris advises the Oakmark
funds). For fundsters and non-fundsters interested in a refresher on the case, both the Wall Street Journal
's Jess Bravin and Jane J. Kim and USA Today
's John Waggoner take a long look in their articles published Friday.
Harris' defenders in the case have included: SEC
commissioner Troy Paredes
, the ICI
and the Mutual Fund Directors Forum
. The SEC itself and renowned federal judge Richard Posner
are among those who have weighed in against Harris.
Neil Anderson, Managing Editor
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