{"id":24611,"date":"2011-09-13T07:59:26","date_gmt":"2011-09-13T11:59:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24611"},"modified":"2011-09-13T07:59:26","modified_gmt":"2011-09-13T11:59:26","slug":"buffett%e2%80%99s-new-hire-is-marathoner-whose-bofa-bet-beat-berkshire","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2011\/buffett%e2%80%99s-new-hire-is-marathoner-whose-bofa-bet-beat-berkshire.html","title":{"rendered":"Buffett\u2019s New Hire Is Marathoner Whose BofA Bet Beat Berkshire"},"content":{"rendered":"<p>Bloomberg &#8211; 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\u2019s Berkshire Hathaway Inc.<\/p>\n<p>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\u2019s $217 million holding of W.R. Grace &amp; Co., which entered bankruptcy in 2001, dates from at least 2003.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2011-09-13\/buffett-s-new-hire-is-marathoner-whose-bofa-bet-beat-berkshire.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; 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\u2019s Berkshire Hathaway Inc. Weschler bought 2 million [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24611","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24611"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24611\/revisions"}],"predecessor-version":[{"id":24612,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24611\/revisions\/24612"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}