Buffett: Board Agreed on Berkshire Succession Plan

May 6 (Bloomberg) -- Warren Buffett, Berkshire Hathaway CEO, discusses with Betty Liu the board of director's choice of his successor, the company’s cash load, his managers' responsibilities and his thoughts on the future of Ben Bernanke at the Federal Reserve. He speaks on Bloomberg Television's "In The Loop."

Balancing Low Rates and a Strong U.S. Economy Outlook
51:29 - Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over. Robertson, who founded Tiger in 1980 and turned it into one of the world’s largest hedge funds, said ultra-low interest rates and swollen stock-market valuations are crimping returns for the managers, whose portfolios are designed to outperform during a downturn. Coutts & Company Chief Investment Officer Alan Higgins discusses the outlook for hedge funds and low interest rates from the BOJ with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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