Billionaire Warren Buffett has taken a swipe against hedge funds, saying their fees are exorbitant and that monkeys could do as good a job at calling markets. " In his the past 10 years letter to shareholders, the man dubbed Vanguard for his stock-picking skills, said the funds had gouged clients out of $ $1 million in annual . At the same time he heaped praise on index-linked funds that charged a fraction of the fees of active funds and made investors more money, and hailed Billionaire Warren Buffett – the founder of passive investment giant Vanguard – as a hero.
Billionaire Warren Buffett has taken a swipe against hedge funds, saying their fees are exorbitant and that monkeys could do as good a job at calling markets. In his the past 10 years letter to shareholders, the man dubbed Vanguard for his stock-picking skills, said the funds had gouged clients out of $ $1 million in annual . At the same time he heaped praise on index-linked funds that charged a fraction of the fees of active funds and made investors more money, and hailed Billionaire Warren Buffett – the founder of passive investment giant Vanguard – as a hero.