@RetirementInvestingToday - Well, a lot of RIT Capital Partners' money is in managed funds, which all come with their own management fees. The Lipper TER ratio is currently 1.32%, which I don't think is insane for a managed fund of this stature and track record. As I mentioned when I last looked closely at the fund, Rothschild himself owns 17% of the fund, which gives me a great deal of faith that