Young Hedge Fund Manager Impresses Buffett, Earns Dinner With Oracle

Feb 16 2010 | 3:43am ET

A young New York hedge fund manager managed to impress one of the smartest guys in the investing world.

In a story that she’ll likely retell hundreds of times to potential investors, Permian Investment Partners founder Cara Goldenberg sent Warren Buffett some holiday reading material: Her reasons for investing in the top 10 stocks in her fund’s portfolio. The Oracle of Omaha responded with an invitation to dinner.

Goldenberg, who is a full half-century younger than Buffett, heard that the legendary investor likes to research investment ideas over the Thanksgiving weekend, so she sent hers along. The Berkshire Hathaway founder must have been impressed, bringing Goldenberg and her partner, Alex Duran, to Omaha for a discussion and dinner—and a photo, with Goldenberg gripping Buffett’s wallet, posted (where else?) on her Facebook profile.

Goldenberg and two colleagues from Brahman Capital founded Permian 18 months ago, Bloomberg News reports. The value-oriented firm invests primarily in undervalued Western European companies, and boasts $100 million in assets under management.

By contrasts, Berkshire Hathaway is worth more than $170 billion.

Goldenberg worked as a private equity analyst at Morgan Stanley and at Highbridge Capital Management before joining Brahman. She became the youngest partner at the firm and managed $2 billion in European stocks.

The precocious 29-year-old has been mum on her ideas and what she and Buffett talked about over dinner. But the value investor certainly managed to wrangle a deal: Lunch with Buffett has gone for an average of $1.9 million in each of the last two years as part of a charity auction.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR