Sunday, 28 December 2014
Last updated 3 hours ago
Nov 7 2011 | 12:17pm ET
Is Warren Buffett's would-be successor, former hedge fund manager Todd Combs, throwing his weight around at Berkshire Hathaway?
Berkshire almost doubled its stock purchases in the third quarter, including a big investment in Combs favorite MasterCard. MasterCard was a major part of Combs' portfolio at his hedge fund, Castle Point Capital Management, which he shuttered to join Berkshire.
"I wonder if he turned Todd Combs loose," David Rolfe, chief investment officer at Wedgewood Partners, which invests in Berkshire, told Bloomberg News. "I hope Buffett went to the movies one day and Combs got on the phone and went crazy with buy orders."
All told, Berkshire invested $23.9 billion in the third quarter, its biggest three-month buy in 15 years. Almost $7 billion of that was in stocks, increasing Berkshire's equity holdings by 62% to $17.4 billion.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.