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Page last updated at 12:15 GMT, Saturday, 17 October 2009 13:15 UK

Money Box: The costs of managed funds

How transparent are the costs of investing in a managed fund?

Not very, according to City insider Alan Miller - formerly a director of the major fund New Star Asset Managment, now an investment manager of SCM private, a wealth management company.

He told Money Box there are hidden costs that can eat away into your investments.

This item was first broadcast on Radio 4's Money Box on Saturday, 17 October 2009.

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