Hedge Funds People Moves Performance

Combing Combs’ returns reveals mid-tier standing

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Buffett must have been looking at far more than relative out-performance when he selected Todd Combs.

True believers are admonished not to attempt “reading God’s cards.” Followers of Berkshire Hathaway and Warren Buffett, who can be religious in their fervor (even describing their journey to Berkshire’s annual meeting as a pilgrimage, for instance), will have to take on faith Buffett’s selection of Todd Combs as a successor, because the numbers are less than compelling.

Combs, of course, was named by Warren Buffett this week as the investment manager for a "significant portion" of Berkshire Hathaway's $100 billion portfolio.

Virtually unknown until now, Combs, 39, is the