Hedge Fund’s Next-Generation wants what Warren Buffett has
Hedge 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
