If the outcry that always follows the annual publishing of Forbes' 400 wealthiest Americans illustrates anything about the investment management industry, it's that investors have a love-hate relationship with their money managers.

The list, as syndicated financial columnist Chet Currier has observed, includes about 25 individuals from the investment management industry and it's hardly surprising that names like Edward "Ned" and Abigail Johnson of Fidelity Investments and Mario Gabelli of Gamco Investors rank prominently. And that an investor has filed a lawsuit against Gabelli for what they consider excessive pay is hardly surprising either.

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