Monday, 1 September 2014
Last updated 3 days ago
Oct 28 2010 | 4:12am ET
Soon-to-be-former hedge fund manager Todd Combs may have been Warren Buffett’s third choice as one of his potential successors. Was David Einhorn the first?
The Wall Street blog Insider Monkey certainly thinks so. And it also thinks it knows why Einhorn turned down the opportunity to take over for the legendary Oracle of Omaha at Berkshire Hathaway: money.
Einhorn, who runs Greenlight Management, earns some $200 million a year, according to Insider Monkey. Buffett himself earns a $500,000 annual salary. The blog concludes, “David Einhorn is simply too expensive for Warren Buffett.”
But why Einhorn in the first place? Insider Monkey offers three good reasons and two, um, less good reasons. The blog cites his value investing and reinsurance backgrounds, as well as, of course, Greenlight’s impressive returns. Insider Monkey notes that the hedge fund has returned an annualized 22% after the fees that Buffett has frequently derided.
The other reasons? Einhorn is the same age as Combs, 42, and is a Midwesterner.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...