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...Its stock portfolio includes more than $4.3bn invested in publicly traded private equity groups such as Blackstone, Apollo, Brookfield, EQT, KKR and Partners Group....
...One scoop to start: The future of Somerset Capital Management, the emerging markets boutique co-founded by Sir Jacob Rees-Mogg, has been called into question after its largest client St James’s Place terminated...
...The group says billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...In 2005, Ogunlesi, then a top banker at Credit Suisse, was summoned to Omaha, Nebraska, by the energy arm of Warren Buffett’s Berkshire Hathaway to study a large takeover....
...But at this year’s annual meeting in Omaha, Nebraska, they got their best view yet of the man whom Buffett regards as the answer to the succession question: Greg Abel, the 60-year-old vice-chair of the company...
...Omaha....
...“A few years ago I was quite frustrated that they weren’t putting him up on stage or in front of the camera,” said Darren Pollock, a portfolio manager at Cheviot, a Berkshire investor....
...Their reticence stems in part from lurking risks in banks’ vast portfolios of commercial property loans. “A lot of real estate isn’t so good any more,” Munger said....
...These computer-driven investment groups look for specific factors or trends to guide their wagers, with some hoping to ride the momentum of a stock when it is rising and others looking for shares of companies...
...Chart of the week Want to see a stark example of the rotation between growth and value investment styles? Look no further than the Sage of Omaha and the “Queen of the bull market”....
...He duly did that at last week’s Miami Bitcoin 2022 conference when he dismissed revered investor Warren Buffett as a “sociopathic grandpa from Omaha”, and described Jamie Dimon, chief executive of JPMorgan...
...Management....
...Mutual of Omaha, an insurance and financial services company, as well as consultancy firm McKinsey, are among the most recent plan sponsors to agree to pay millions of dollars to settle lawsuits....
...More portfolio sales are planned, though the group admitted it was a hard task in the current environment....
...“Greg spoke to what Greg is good at: business operations,” said Cole Smead, president of Smead Capital Management, which manages $1.6bn....
...investment portfolios by emphasising the personal touch....
...Two days later, Occidental announced a $10bn investment from the Oracle of Omaha....
...In addition to Berkshire’s portfolio of businesses, the group has expansive stock holdings dominated by shares in financial companies....
...over the portfolio of newspapers....
...The sale follows a 2018 agreement in which Lee took over management of all of Berkshire’s newspaper business except the Buffalo News....
...Even traditional mutual fund groups like Fidelity, T Rowe Price and Capital Group are now spending huge sums on technology and technologists in an attempt to enhance the abilities of their portfolio managers...
...Mr Buffett has lamented his recent inability to find high quality companies to add to the Berkshire portfolio, pinning the blame on high prices in the stock market and well-funded private equity groups which...
...A key element of this is careful management of expectations....
...Steven Berger, a former director in Credit Suisse’s financial institutions group, will cover asset management in Rothschild’s FIG group....
...Well, Icahn has a lot of grievances but he’s particularly unhappy about the $10bn financing provided by the Oracle of Omaha himself....
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