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发表于 2010-7-30 12:38 PM
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Chinese Hedge Fund Manager a Successor to Buffett?
Warren E. Buffett has no immediate plans to retire, yet the 80 year old investor is believed to be grooming several possible successors at Berkshire Hathaway, The Wall Street Journal reported.
Li Lu, a Chinese hedge-fund manager who was once a student leader of the Tiananmen Square protests, is considered one of the top candidates for filling Mr. Buffett's shoes.
The Journal reported:Mr. Li, 44 years old, has emerged as a leading candidate to run a chunk of Berkshire's $100 billion portfolio, stemming from a close friendship with Charlie Munger, Berkshire's 86-year-old vice chairman. In an interview, Mr. Munger revealed that Mr. Li was likely to become one of the top Berkshire investment officials. "In my mind, it's a foregone conclusion," Mr. Munger said.Among other possible successors to Mr. Buffett's legacy is David L. Sokol, chairman of MidAmerican Energy Holdings at Berkshire and also chairman of NetJets, the private jet company also owned by Berkshire. However, The Journal noted that Mr. Buffett has said that he may split the investment duties from those of the role of chief executive when he steps down. Mr. Sokol has been seen as the contender for the C.E.O. role, while Mr. Li may be in line to fill Mr. Buffett's shoes in the investing arena, the newspaper said.
Mr. Li has already brought some investment ideas to the table. He was responsible for introducing Mr. Munger to BYD Company, a Chinese battery and car maker that Berkshire Hathaway invested in, The Journal said. According to the newspaper, the BYD bet has already generated a six-fold return on Berkshire's investment.
Meanwhile, Mr. Li's own investment performance hasn't been too shabby either. His hedge funds have posted a 26.4 percent annualized return since 1998., The Journal reported. |
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