Jump to content

Who manages (will manage post-Buffett) the Berkshire Hathaway bond portfolio?


Recommended Posts

I haven't looked into this in a while. Who is handling the day to day bond portfolio management for Berkshire Hathaway? Has there been any discussion of whether Todd and Ted will have any say in bond portfolio allocation post-Buffett? (I know Ted made a lot of money buying distressed debt pre-Berkshire.)

Link to comment
Share on other sites

Only about $20b of bonds vs $280b of equities.  I believe there is a muni bond trader at HQ who mostly is rolling over positions, and managing some of the t bill exposure as well.  I think what you are referring to is when WEB gets active in stuff like Junk paper in 02/03…and not the typical general account for Berkshire.  I’d expect Ted to do more here - but also work with Todd and Greg as well.  Ted has distress experience 

Link to comment
Share on other sites

1 hour ago, ValueMaven said:

Only about $20b of bonds vs $280b of equities.  I believe there is a muni bond trader at HQ who mostly is rolling over positions, and managing some of the t bill exposure as well.  I think what you are referring to is when WEB gets active in stuff like Junk paper in 02/03…and not the typical general account for Berkshire.  I’d expect Ted to do more here - but also work with Todd and Greg as well.  Ted has distress experience 


Thanks @ValueMaven!  Yes, that’s what I’m talking about. I know bonds are a minuscule percentage of the portfolio today, but there was a time back when interest rates were a real thing - pre-2010 - when bonds regularly amounted to over 10% of the portfolio. And, yes, Buffett has been able to work some magic with special bond situations over the years. So, it occurred to me that if the whole interest rate concept ever becomes a thing again that we don’t really know who will be qualified to take the reins. Oh well.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...