From BusinessInsider: Warren Buffett announced this morning that Ted Wheschler, a hedge fund managing partner from Charlottesville, Virginia, will soon join Berkshire Hathaway to run its equities portfolio.
Weschler, 50, told his limited partners that he will be winding up his fund, Peninsula Capital Advisors, in order to join Berkshire early next year.
As of the second quarter of 2011, Peninsula Capital had about $2 billion long positions in equities, according to the latest 13F..
Fortune reports that Weschler first caught Buffett's attention because he was the anonymous winner, until now, of the annual auction for Glide, a San Francisco church and mission.
The top bidder gets to have lunch with the "Oracle of Omaha." For two consecutive years, Weschler was an anonymous bidder with winning bids of $2,626,311 in 2010 and $2,626,411 in 2011, Fortune reported. ..
Find out more aqt http://www.businessinsider.com/ted-weschler-2011-9
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