J.P. Morgan Names Berkshire Hathaway Investment Manager Combs to Board
September 20 2016 - 8:20AM
Dow Jones News
By Joshua Jamerson
J.P. Morgan Chase & Co. on Tuesday said it named Berkshire
Hathaway Inc. investment manager Todd Combs to its board, bringing
into the fold an heir-apparent of billionaire investor Warren
Buffett's enterprise.
Mr. Combs, 45 years old, is a former hedge-fund manager who
began working at Berkshire in 2011. He and a counterpart, Ted
Weschler, manage portfolios of about $9 billion each, but they will
take over all stock-picking duties when Mr. Buffett is no longer
running the firm.
Mr. Buffett, Berkshire's chairman, is widely regarded as a
legendary investor, and many follow his holdings obsessively.
Mr. Combs previously ran Castle Point Capital, an investment
partnership he founded in 2005.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
(END) Dow Jones Newswires
September 20, 2016 08:05 ET (12:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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