Berkshire Takes Liberty Media, DaVita Stakes as Weschler Joins
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Berkshire Hathaway Inc. took stakes in Liberty Media Corp. and dialysis-facility owner DaVita Inc. after billionaire Warren Buffett hired Ted Weschler to help manage investments.
Weschler oversaw investments in the two firms while running Peninsula Capital Advisors LLC, the hedge fund he wound down after agreeing to join Buffett. The new Berkshire stakes, listed yesterday in a filing disclosing U.S. equity holdings as of Dec. 31, probably reflect Weschler’s influence, said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business, in an interview.