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Buffett Says Federal Reserve Is Greatest Hedge Fund in History

Sept. 19 (Bloomberg) -- Billionaire investor Warren Buffett compared the U.S. Federal Reserve to a hedge fund because of the central bank’s ability to profit from bond purchases as it accumulated a balance sheet of more than $3 trillion.

“The Fed is the greatest hedge fund in history,” Buffett told students today at Georgetown University in Washington.

To contact the reporters on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net; Marci Jacobs in New York at Mjacobs63@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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