Who is Todd Combs?
October 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...
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