CNN Money: The Warren Buffett-hedge fund bet tightens
The Warren Buffett-hedge fund bet tightens April 26, 2011 5:00 am Berkshire Hathaway's chairman won the 2010 race for investment returns, but Protégé Partners retains the long-term lead. By Carol Loomis, senior editor-at-large FORTUNE -- We're three years into Warren Buffett's 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett's horse in the contest -- an S&P 500 index fund -- did better than the average return booked by five funds of hedge funds picked by Protégé Partners LLC, a New York money-management firm.