![]() That year Buffett’s hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as “fees”. His investors didn’t mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. That would have been 9.35% in hedge fund “fees”.Īctually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as “fees”. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. If Warren Buffett’s hedge fund didn’t generate any outperformance (i.e. ![]() Warren Buffett took 25% of all returns in excess of 6 percent.įor example S&P 500 Index returned 43.4% in 1958. ![]() Back then they weren’t called hedge funds, they were called “partnerships”. He launched his hedge fund in 1956 with $105,100 in seed capital. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Value Investing Congress Presentations: Mick McGuire’s Bullish Thesis On United RentalsĪctivist Jana Partners Boosts Ashland Stake The result: His (now former) friend more than doubled his money when he sold the rights five years later, while Faber only got his money back. The 67-year-old, ponytailed investor recalled the time he invested $100,000 in a pal’s publishing firm, only to discover that his friend had held the copyrights under his name, and not the company. Doom” hasn’t done so well in the friends department. The longtime Swiss fund manager Marc Faber has made a killing for years, making very pessimistic-but very correct-calls about the market, to the benefit of his $300 million fund. A lot of blood has been shed for these rights, and while democracy isn’t perfect, to paraphrase Winston Churchill, it’s far better than any other system of government,” wrote activist investor Carl Icahn in a September 18 Wall Street Journal editorial. When things aren’t going well, citizens can vote the leaders out. “I’m no political scientist, but it doesn’t take a genius to understand that voting is crucial to democracy. Icahn Channels Churchill in Critique of Boardroom Politics (WallstCheatSheet) Soros is also switching brokerages, from Halstead to Town, although to new listing isn’t up on Town’s website yet. Now the Wall Street Journal is reporting that she is re-listing it with yet another price reduction-to $39 million. She chopped the price to $45 million in February and eventually took the apartment off the market. Soros’ Ex-Wife’s Majestic Pad Now $11 Million Cheaper (Curbed)īillionaire George Soros’ ex-wife Susan Weber Soros listed her furnished 5BR/6.5BA in the Majestic back in October for $50 million. 18 after declining 8.8 percent in 2012 and about 10 percent in 2011. The Clive Fund’s Class A shares fell 9.1 percent this year through Sept. Clive told investors today the London-based hedge fund will shut down at the end of the month, according to the letter, which was obtained by Bloomberg News. Clive Capital Fund Plans to Close After Two Years of Losses (BusinessWeek)Ĭlive Capital LLP, the $1 billion commodity hedge-fund firm founded by Chris Levett, plans to close after posting more than two years of investment losses, according to a letter to clients.
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