Who is Todd Combs?

By Lawrence Delevingne

Tue Oct 26, 2010

The head of little-known Castle Point Capital Management was revealed today as Warren Buffett’s hand-picked designee to manage Berkshire Hathaway’s investments.

 Munger and Buffett (Photo: Bloomberg)

Until today, Todd Combs was a successful but largely unknown manager of a small Greenwich, Connecticut hedge fund. But Combs has been thrust into the spotlight with the announcement that Warren Buffett has chosen him to manage a large chunk of Berkshire Hathaway’s roughly $100 billion investment portfolio, one of the most high-profile money management positions in the world.

"For three years Charlie Munger and I have been looking for someone of Todd’s caliber to handle a significant portion of Berkshire’s investment portfolio," Buffett said in a statement announcing that Combs will soon be hired by Berkshire as an investment manager. "We are delighted that Todd will be joining us."

Combs, 39, runs Castle Point Capital Management, a financials-focused long/short equity fund launched in November 2005 that managed $405 million...

ISSN: 2151-1845 / CDC10004H

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