No one in the mutual fund industry would fault Myron Scholes for serving as a mutual fund director at the same time his outside business interests are under scrutiny.

But, the Nobel prize winning economist whose prominence grew with the near failure and subsequent investigation of Long Term Capital Management last summer, is a notable exemplar of a controversial practice.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.