S&P 500 index beat this hedge fund manager over 10 years
09-19-2017, 07:01 PM
#1
Team Owner
Thread Starter
S&P 500 index beat this hedge fund manager over 10 years
10 year ago Warren Buffet put out a challenge for hedge fund managers to try to beat the S&P 500 index over 10 years. Only one guy, Ted Seides, took him up on the challenge, and lost.
https://www.cnbc.com/2017/09/18/warr...years-ago.html
https://www.cnbc.com/2017/09/18/warr...years-ago.html
Ten years later, Seides' five funds have gained only 2.2 percent a year since 2008 compared with more than 7 percent a year for the S&P 500. That means Seides' $1 million hedge fund investments gained $220,000 in the same time period that Buffett's low-fee investment earned $854,000
