Jeffrey Tarrant |
It’s safe to say Jeffrey Tarrant is a betting man. In 2008, Protégé Partners, a $2 billion fund-of-funds firm set up by CEO and CIO Tarrant and then-co-CIO and co-founder Ted Seides, accepted Warren Buffett’s $1 million wager that over ten years and after fees, costs and expenses, Protégé's selection of five funds of funds (not associated with Protégé) would beat the Berkshire Hathaway chief’s chosen S&P 500 index fund, Vanguard 500 Index Fund Admiral Shares.