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Buffett’s index fund now leads hedge funds in bet

By Josh Funk
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OMAHA, Neb. (AP) — Billionaire Warren Buffett’s bet that an S&P 500 index fund will outperform a collection of hedge funds over 10 years is starting to look good at the halfway point.

Buffett made the bet in 2008 to reinforce his argument that average investors would be better off investing in low-cost index funds instead of paying hefty fees to investment managers.

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