This is rather like clubbing seals…..
With four years to go in his bet with New York hedge fund firm Protégé Partners , Berkshire Hathaway’s Warren Buffet is sitting in the catbird seat.
The Oracle of Omaha made a 10-year bet six years ago that money invested in an S&P index fund would outperform a fund of hedge funds.
Just past the halfway mark, Buffet’s index fund is up 43.8% while a suite of five funds of funds selected by Protégé is up 12.5% after fees.
At stake is $320,000 in bonds that will be worth $1 million by the time the bet ends; all proceeds to go to charity.
More here – FINalternatives
