Berkshire Hathaway May Hire Li Lu to Help Run Portfolio, Journal Reports

Li Lu, a hedge fund manager, is in line to help manage Berkshire Hathaway Inc.’s portfolio, the Wall Street Journal said, citing Charlie Munger.

“In my mind, it’s a foregone conclusion” that Li, 44, will become one of the top Berkshire investment officials, Munger, Berkshire’s 86-year-old vice chairman, told the Journal.

Li introduced Buffett to BYD Co., a Chinese battery and auto maker; Buffett’s stake has surged six-fold since then, the Journal said.

Buffett declined to comment on his succession plans, the Journal reported, adding that he doesn’t rule out bringing in investment managers.

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