Warren Buffett recently announced Berkshire Hathaway’s (NYSE: BRK.A) newest hire, a man who will now manage a significant part of the venerable firm’s investment portfolio. Todd Combs, 39, is the founder and former portfolio manager of Castle Point Capital Management, according to Dealbook. Castle Point Capital Management is a long/short equity hedge fund that invests in the financial services sector. The firm was founded by Mr. Combs in 2005.
Mr. Buffett has previously commented on the wildly-speculated succession question after his eventual retirement from Berkshire Hathaway, saying that while he occupies the roles of chairman, CEO and chief investment officer simultaneously, the responsibilities will be divided among at least three people after he steps down. Todd Combs has now joined the ranks of possible candidates to assume part of Warren Buffett’s responsibilities. |
