Ted Seides on the World’s Elite Money Managers
Masters in Business
00:00
The History of Hedge Funds
The bet was made 10 years in advance with a four or five, so what it was like 400, 600? There was 650. Warren wanted to announce this at his annual meeting every year. It took about five years for the market to catch up from that one year of pain. Once Lehman went under, that caused a lot of pain for hedge funds as well.
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