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

|By:, SA News Editor

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)