Tuesday, March 03, 2009

Hedge fund transparency

Mebane Faber looks at using 13F files to track fund manager actions and finds that a mini Tiger fund or a copy of Berkshire can out-perform the S& 500.

BUFFETT

* Annualized Return: 6.5%
* Volatility: 13.2%
* MaxDD: -23.4%

S&P 500

* Annualized Return: -3.6%
* Volatility: 15.8%
* MaxDD: -44.1%

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