![]() (The best performer of the five is up 62.8%. The average gain of the five funds is 22%. In total gains, the index fund is up 85.4%. ![]() And the average for the five funds (whose names have never been made public) is 2.2%. The stakes, you might say, were large: $500,000 for each party, the total of which explains why this wager is sometimes called “The Million-Dollar Bet.”Īnd the envelope, please? After nine years, the index fund has registered a compounded annual increase of 7.1%. ![]() He meanwhile stingingly documents his case by disclosing the standings, after nine years, of a 10-year performance bet between his own investment pick-a low-cost S&P 500 index fund administered by Vanguard-and the pick of Protégé Partners, an asset manager who elected to bank on the average performance of five funds of hedge funds that it chose for the competition.
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