Berkshire Names Fund Manager Combs to Help Steer Investments

Warren Buffett moved one step closer to completing his succession plan, naming a Connecticut hedge fund manager with insurance experience to run a “significant portion” of Berkshire Hathaway Inc.’s investment portfolio.

Todd Combs, 39, becomes an investment manager, Berkshire said yesterday in a statement. Combs manages about $400 million in financial-services shares at Castle Point Capital in Greenwich, Connecticut, according to marketing materials sent to investors. Buffett, the 80-year-old Berkshire chairman and chief executive officer, is searching for candidates to take over his duties when he steps away.

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- Posted: 2010-10-25 23:04:49

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