Bloomberg – Ted Weschler, the hedge-fund manager and marathoner, made money trading Bank of America Corp. stock and held the biggest stake of a bankrupt chemicals firm before being hired by Warren Buffett’s Berkshire Hathaway Inc.
Weschler bought 2 million Bank of America shares in the first quarter of 2009 when the credit crunch pushed down financial stocks. The shares had more than doubled, on a quarterly average basis, when he sold them a year later. Weschler’s $217 million holding of W.R. Grace & Co., which entered bankruptcy in 2001, dates from at least 2003.
