Summary: As for the fees that investors pay in the hedge fund world – and that, of course, is the crux of Buffett’s argument – they are both complicated and costly. A fund of funds normally charges a 1% annual
management fee. The hedge funds it puts that money into charge an annual management fee of [...]
Monthly Archives: June 2008
Buffett Bets that Manager Fees Will Kill Performance (From June 2008 Fortune Magazine)
Monday, June 9, 2008
Why The S&P SmallCap Index Beat The Russell 2000 Index by 52%
Friday, June 6, 2008
From May 2000 through May 2008, the S&P SmallCap index
(IJR) is up over 50% from its competitive index the Russell 2000 (IWM). Both indices, IJR (S&P 600 SmallCap
Index) and IWM (Russell 2000 Index) purport to give an investor exposure to
small cap stocks in the US
stock market. The average market caps
are similar and many of the [...]
