Will a collection of hedge funds, carefully selected by experts, return more to investors over the next 10 years than the S&P 500?That question is now the subject of a bet between Warren Buffett, the CEO of Berkshire Hathaway, and Protg Partners LLC, a New York City money management firm that runs funds of hedge funds - in other words, a firm whose existence rests on its ability to put its clients’ money into the best hedge funds and keep it out of the underperformers.You can guess which party is taking which side.Protg has placed its bet on five funds [...]
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[Source: The Money Blogs]
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