Money and Finance
- Dalio's World
Found via The Big Picture. Ray Dalio, fabled hedge-fund manager, says the U.S. has done a "beautiful" job delevering, but sees a 30% chance Europe will stumble badly. It's hard to imagine anyone navigating the rough seas of the past decade more ably...
- New Congress Act Allows Hedge Funds To Advertise Freely
A new act passed by the Senate and House of Representatives is expected to be signed into law by President Obama within days. The Jumpstart Our Business Startups, known as The Jobs Act, will eliminate a longstanding ban on general solicitation and advertising...
- Buffett Seizes Lead In Bet Against Protege (video)
March 21 (Bloomberg) -- Warren Buffett made a friendly bet four years ago that funds that invest in hedge funds for their clients couldn’t beat the stock market over a decade. So far he’s winning. The wager that began on Jan. 1, 2008, pits Buffett...
- Dalio Takes Hedge Crown From Soros
Ray Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8bn for investors last year. The profits made by the Connecticut-based Pure Alpha – already the world’s biggest...
- The Street Of Walls
Looks like a pretty useful site/report free of charge. Registered hedge funds over $100 million are required by the Securities and Exchange Commission (SEC) to file quarterly updates on portfolio holdings. These holdings are filed online through form...
Money and Finance
Buffett widens lead in $1 million hedge fund bet
Link to: Buffett widens lead in $1 million hedge fund bet
FORTUNE -- Results are in for the sixth year of the competition sometimes called the $1 million bet, and Warren Buffett -- once a piteous straggler in this 10-year wager on stock market performance -- has opened up a sizable lead over his opponent, New York asset manager Protégé Partners. Buffett's horse in the bet is a low-cost S&P index fund, and Protégé's is the averaged returns to investors (after all fees) of five hedge funds of funds that the firm carefully picked for the contest.
At the end of 2013, Vanguard's Admiral shares -- the S&P index fund that's carrying Buffett's colors -- were up for the six years that began Jan. 1, 2008 by 43.8%. For the same period, Protégé's five funds of funds, on the average, gained only by an estimated 12.5% (a figure minutely uncertain because some of the funds lack final figures for 2013).
By the terms of the bet, the names of those five funds of funds have never been publicly disclosed (though Buffett knows their identity). It has always been assumed that one of the five is a hedge fund of funds run by Protégé itself.
- Dalio's World
Found via The Big Picture. Ray Dalio, fabled hedge-fund manager, says the U.S. has done a "beautiful" job delevering, but sees a 30% chance Europe will stumble badly. It's hard to imagine anyone navigating the rough seas of the past decade more ably...
- New Congress Act Allows Hedge Funds To Advertise Freely
A new act passed by the Senate and House of Representatives is expected to be signed into law by President Obama within days. The Jumpstart Our Business Startups, known as The Jobs Act, will eliminate a longstanding ban on general solicitation and advertising...
- Buffett Seizes Lead In Bet Against Protege (video)
March 21 (Bloomberg) -- Warren Buffett made a friendly bet four years ago that funds that invest in hedge funds for their clients couldn’t beat the stock market over a decade. So far he’s winning. The wager that began on Jan. 1, 2008, pits Buffett...
- Dalio Takes Hedge Crown From Soros
Ray Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8bn for investors last year. The profits made by the Connecticut-based Pure Alpha – already the world’s biggest...
- The Street Of Walls
Looks like a pretty useful site/report free of charge. Registered hedge funds over $100 million are required by the Securities and Exchange Commission (SEC) to file quarterly updates on portfolio holdings. These holdings are filed online through form...