Todd Combs Castle Point
October 26, 2010 by staff
Todd Combs Castle Point, Berkshire Hathaway has brought a new executive, 39 years old, Todd Combs Castle Point Capital, to help manage the company portfolio investment administrative officers, opening up speculation that he might be a successor to Warren Buffett.
, Three years ??For Charlie Munger and I have been looking for someone of Todd, size AOs to handle a significant portion of Berkshire, the investment portfolio of administrative officers. We are delighted that Todd will join us, the African Union Buffett said in a statement.
Is there, AOT both publicly available about Combs, but here is some intelligence early to talk of cold water filled this afternoon:
What is Castle Point? Castle Point Capital is described as one ??long / short asset manager focused on the financial services industry., AU has said that Castle Point was formed in 2005 by Combs and Stone Point Capital, a private equity firm based in Greenwich , Connecticut, which manages the Trident Funds. Always Trident Castle Point, the capital of the administrative officers of seeds in November 2005, according to Stone Point, AOS Web Site.
Stone Point recently was part of a group that invested in IndyMac Bank, the lender is not California, the paper reported last year. The Journal said Stone Point was formed by directors of a unit of Marsh & McLennan, MMC, after Marsh decided to sever ties with the unit.
Combs, investment AO: Castle Point Capital Management, according to the latest revelation of the SEC, has a low two dozen investments, including more than 1.2 million shares of Western Union, more than 1 million shares U.S. Bancorp, and investment in BlackRock, CIT Group, JP Morgan Chase and Progress Corp. In sum, a portfolio is very similar to Buffett heavy financial investments and insurance. Berkshire Hathaway and the crux of each investment held in Wells Fargo, according to the revelations of the SEC.
Friends of Combs intriguing: According to Stone Point, AOS Web site, the former Goldman Sachs executive Stephen Friedman, is chairman of Stone Point. Friedman retired last year as chairman of the Federal Reserve of New York amid controversy over his dual role in the New York Fed and Goldman as shareholder.
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