Bloomberg – Billionaire Warren Buffett’s chances of winning a bet that the S&P 500 stock index will outperform a collection of hedge funds are improving, but Buffett still trails the money managers four years into the 10-year bet.
Buffett has long been critical of hedge funds because of the high fees they charge investors, so Berkshire Hathaway’s chairman and CEO wagered that an S&P 500 index fund would beat any 10 hedge funds over a decade if all the fees were included.
