Hedge Fund News From HedgeCo.Net

Hedge Fund Fees: Exotic Expenses

July 17, 2013 : Permanent Link

Forbes – Back in 2008, Warren Buffett made a bet with Protégé Partners, a fund of funds hedge fund manager, that the S&P500 would beat a group of hedge fund managers selected by Protégé. The bet officially started on January 1, 2008, and runs for a decade, ending on December 31, 2017. The performance is being measured by netting out fees, costs and expenses that go into running the hedge funds. Buffett made the bet to prove his contention that hedge funds underperform due to the fact that “costs skyrocket when large annual fees, large performance fees and active trading costs are all added to the active investor’s equation.”

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Recent Posts

  1. Stock futures fall after Meta Platforms, IBM report quarterly results: Live updates
  2. Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
  3. IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
  4. JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
  5. Rubrik prices IPO at $32 per share, above the expected range

Search


Categories