In your interest.
Online Personal Finance Magazine
No beating about the bush.
Ted Seides is a principal at Protégé Partners, a money management firm in New York. Some time ago, Protégé bet $320,000 that, over the 10 years from January 2008 to December 2017, a portfolio of hedge funds would do better than the S&P500, after deducting fees, costs and expenses. Together with $320,000 from the person betting against Protégé, a total of $640,000 was given to a Foundation. For...