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The Buffett Challenge — hedge funds vs. index funds — 9 years on

The Buffett Challenge — hedge funds vs. index funds — 9 years on

Finance
Nearly 10 years ago Berkshire Hathaway CEO (and arguably one of the best investors on Earth), Warren Buffett, issued a challenge to the hedge fund industry — a $ 1 million bet that they could not put together a portfolio of hedge funds that would outperform an S&P 500 Index fund over a 10-year period.Buffett was convinced the combination of active stock-picking and high costs would result in lagging market performance, and he was willing to put his money where his mouth was.One company stepped up to the challenge. Protégé Partners LLC selected five hedge funds (the names of the funds have not been disclosed publicly), and Buffett selected the Vanguard Admiral Shares S&P 500 Index Fund.The 10-year period began January 1, 2008, which means we are in the final year of the challenge. W
Warrington captain Chris Hill facing suspension ahead of Challenge Cup clash v Wigan

Warrington captain Chris Hill facing suspension ahead of Challenge Cup clash v Wigan

Sports
Chris HillMonday, June 12, 2017Warrington captain Chris Hill could miss Saturday's Challenge Cup clash against Wigan after being charged with reckless use of the shoulder.The prop forward was sin-binned in the ninth minute of Sunday's 36-16 defeat at Super League leaders Castleford Tigers for a shoulder charge on England team-mate Luke Gale.Hill has the option of submitting an early guilty plea for a grade B charge of reckless use of the shoulder, which usually carries a one or two-match suspension.If Hill submits an early guilty plea and is given a one-match ban he could then appeal that punishment and - if successful - the 29-year-old would be free to face Wigan.The Wolves will hope the change of competition can inspire them to a winning formula after losing their last four Super League ...