Are you looking for a stock?

Try one of these

Related Videos

Berkshire Hathaway hires investment manager

Warren Buffett's Berkshire Hathaway (BRK.B-N) Monday said Todd Combs would join the firm as an investment manager, potentially bringing the company a step closer to solving Buffett's succession puzzle.


Buffett said in a statement that he and partner Charlie Munger looked for three years for someone like Combs "to handle a significant portion of Berkshire's investment portfolio."


Combs, 39, has been managing Castle Point Capital for the last five years. It is a long/short equity hedge fund that focuses exclusively on financial services.


Berkshire Hathaway owns about 80 businesses and tens of billions of dollars in stocks. Buffett, 80, has run Omaha, Nebraska-based Berkshire since 1965.


Buffett addressed his succession in May, saying his position would ultimately be split into a CEO role and three or four investment chiefs. There has been speculation since then on who they would be and when they would be hired. CTV Two CTV News CTV News Channel BNN - Business News Network CP24