Thursday, 2 April 2015
Last updated 10 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…