Hedge Fund News From HedgeCo.Net

Hedge Fund Manager Who Lost Bet With Buffett Sours on Long/Short Equity

(Bloomberg) Ted Seides, who conceded a bet to Warren Buffett that passive investing can beat active money managers, has soured on hedge funds that use long/short strategies. Seides, managing partner at Hidden Brook Investments, said the funds are struggling to profit from shorting stocks — betting that their price will fall.

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