HedgeWeek – Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., is entrusting more of his company’s investments to deputy stock pickers as he prepares the firm for his eventual departure.
Ted Weschler and Todd Combs, former hedge-fund managers hired in the past two years, will probably oversee about $4 billion apiece for Omaha, Nebraska-based Berkshire, Buffett said in a July 13 interview with Betty Liu on Bloomberg Television’s “In the Loop.” Each oversaw about $2.75 billion at the beginning of the year, he said.
