The Best Performing Hedge Fund ever… Or?
With nearly $1 billion under management, much of it historically allocated to Berkshire Hathaway, Allan Mecham could be one of the greatest traders of all time. The “one-man band managing the portfolio,” as Mecham described himself in a September 29, 2017, letter to investors, produced gross returns that matched the S&P 500 and took in nearly $40 million in fees on the year. But it is not just the ability to be able to convince investors to hand him a 1% management fee and a 15% performance . . .
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