Warren Buffett Lost Ground In Million-Dollar Hedge Fund Bet In 2015

Warren Buffett Lost Ground In Million-Dollar Hedge Fund Bet In 2015 by Carol J. Loomis, Fortune

In 2015, the Berkshire CEO’s commanding lead in a 10-year market wager was cut oh-so-slightly

Results are in for 2015, the eighth year of the 10-year Million-Dollar Bet, and for once—but don’t get too excited—there’s something mildly positive to say about the hedge fund side.

Recall the bet first: It’s between Berkshire Hathaway CEO Warren Buffett and a money management firm, Protege Partners. Buffett is betting (with his own money, not Berkshire’s) that the stock market performance of a big index fund can beat the performance—averaged—of five funds of hedge funds carefully chosen by Protege.

And that positive news about the hedge fund side?...