Fund manager bids 1 million pounds for Buffett lunch

A Chinese fund manager has won a lunch with famed U.S. investor Warren Buffett after bidding $2.11 million (1.06 million pounds) for the opportunity in a charity auction, more than three times what the lunch fetched last year.

Zhao Danyang, who runs Hong Kong-based Pureheart China Growth Investment Fund, had the winning bid in the eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz) auction that ended late on Friday.

Proceeds of the lunch with the 77-year-old chairman of Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) benefit Glide, a nonprofit foundation in San Francisco that offers programs for the poor, hungry and homeless.

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- Posted: 2008-06-30 09:37:20

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