Warren Buffett has put an investment manager into pole position to succeed him as CIO at...


Warren Buffett has put an investment manager into pole position to succeed him as CIO at Berkshire Hathaway (BRK.A) - and it's the new guy. Todd Combs, 39, of small fund Castle Point Capital, is hired to oversee a significant portion of a roughly $100B portfolio but is "not going to take over the whole investment function as long as I'm around," Buffett says. Two candidates, including Li Lu, took themselves out of the running for the job. (PR)

From other sites
Comments (1)
  • Jason Aycock
    , contributor
    Comments (242) | Send Message
     
    There will still be a split of his duties on his passing, but Buffett makes it sound like Combs will certainly be the one leading the investing. From the story:

     

    "The billionaire investor described the announcement as a 'significant step. If I die tonight the board has something in place.' "
    25 Oct 2010, 11:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs