CHICAGO – If the scandal engulfing the fund industry wasn’t depressing enough, mutual fund managers at the Morningstar Investment Conference were less than optimistic about the outlook for stocks and bonds in the upcoming year.

When executives weren’t joking about leaping out of windows or slitting their wrists, they were telling packed rooms of the expected hardships to come in the next year when searching for quality investment opportunities.

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.