Feedback
European Shorting
My Portfolios
Browse Gurus
Print
Email
The bet was between Warren Buffett and hedge fund Protégé Partners LLC for a 10-year period. The hedge fund built an index of five funds that invest in hedge funds to compete against the S&P 500 index. The winner’s charity of choice gets $1 million when the bet ends on Dec. 31, 2007.
These are the performance numbers updated by Buffett during the shareholder meeting on Saturday.
| Year | S&P Index Fund | Hedge Funds |
| 2008 | -36.90% | -23.90% |
| 2009 | 26.62% | 15.92% |
| 2010 | 15.05% | 8.46% |
| 2011 | 2.08% | -1.86% |
| cumulative | -6.27% | -5.89% |
The index fund is catching up after a deeper loss in 2008. It was lagging by only 0.38% after four years. Buffett did not comment the performance of the hedge fund so far this year. The S&P500 index is up 11.5% year to date.
To learn more about what Buffett said during the meeting, please go to the complete shareholder meeting notes.
Subscribe RSS
RSS