Hedge Fund’s Next-Generation wants what Warren Buffett hasHedge fund’s next-generation of name-brand investors wants what an American business magnate, investor and philanthropist Warren Buffett has.
Buffett, of course, has plenty for an ambitious investing titan to envy. There’s the $63 billion net worth, a first look at most every attractive acquisition opportunity, and the ability to generate awe and adulation with even mundane utterances about the economy and business. He’s a ruthless financial assassin and corny, unthreatening business Grandpa at once.
Today we’re hearing about how Buffett is deploying all the goodwill and high regard he has accumulated by rebranding more of his ventures with the Berkshire Hathaway Inc. (BRK-A, BRK-B) name. Expect to see it on foreign real estate agencies, domestic utilities and car dealerships.
But the particular thing that Buffett enjoys that hedge fund managers like Bill Ackman seem to covet is not Buffett’s brand. It’s a trove of “permanent capital” that can be wielded any which way without concern that fickle investing clients will yank it away.Source: Yahoo! Finance