RT Journal Article SR Electronic T1 Soft Dollars JF The Journal of Portfolio Management FD Institutional Investor Journals SP 87 OP 88 DO 10.3905/jpm.2004.319933 VO 30 IS 2 A1 Evan. Schulman YR 2004 UL https://pm-research.com/content/30/2/87.abstract AB With the level of management fees, it is argued that it is not in the interest of money managers to undertake some research activities benefiting their clients, net of costs. There could thus well be underinvestment in securities research, investment platforms, or trading facilities, and so on. Making charges directly to the corpus of the fund can cure this problem, and soft dollars are an ideal conduit to effect such payments. The fact that money managers are negotiating commission dollar contracts using other people's money causes other problems, though.