Billionaire Warren Buffett has appointed a hedge fund manager from Connecticut Todd Koumsa managing a significant part of his portfolio company Berkshire Hathaway, reported Bloomberg. As the newspaper notes, so one of the world’s richest people chose a candidate to succeed him.
39-year-old Koums ran a relatively small sum of money, expressed in hundreds of millions of dollars. Therefore, for the appointment of analysts was a surprise.
Buffett himself, however, said that within three years of searching for a man, “Todd’s caliber to manage their assets. “We’re thrilled that Koums comes to our company” – added a billionaire.
Presumably the 80-year-old Buffett will present their business at least three “heirs”. The Director General will manage more than 70 operating divisions of the company, and two more people will engage in capital allocation and portfolio management.
Berkshire Hathaway now owns shares in an amount exceeding $ 50 billion, including investments in bank Wells Fargo, a well operator’s credit card American Express. In addition, the company Buffett has invested approximately $ 30 billion in assets with fixed income, including corporate and government bonds.
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