Ken Griffin’s Citadel LLC and Cambiar Investors LLC are among asset managers that reported holdings in billionaire Daniel Loeb’s Third Point Reinsurance Ltd. after the company’s initial public offering.
Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the company.
Meyer Shields says earnings at Warren Buffett’s Berkshire Hathaway Inc. will increase the most since 2006 this year. He’s also telling investors to sell the shares because the economic recovery is weakening.
Berkshire Hathaway Inc., run by billionaire investor Warren Buffett , became a victim of its own success when a brokerage analyst reduced the company’s shares to “sell” for the first time in six years.
Warren Buffett ’s Berkshire Hathaway Inc. may record an $800 million writedown tied to asset declines in the second quarter, said Meyer Shields , the Stifel Nicolaus & Co. analyst who cut the stock to “sell” yesterday.