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Berkshire Hathaway's Combs, Weschler managing $18B combined

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Berkshire Hathaway's Combs, Weschler managing $18B combined

BerkshireHathaway Inc. investment managers Todd Combs and Ted Weschler areeach managing $9 billion portfolios, as the two continue to expand their rolein the conglomerate's investment decisions.

Chairman, President and CEO Warren Buffett said April 30that Combs and Weschler are primarily focused on Berkshire's smaller holdings,freeing him to handle the multibillion-dollar deals that come across his desk.He also continued to heap praise on them, calling them "perfect culturalfits" for the company.

"They're smart at what they do, and they're a bigaddition to Berkshire," Buffett said during the company's annualshareholders meeting.

Berkshire hired Combs in 2010 and Weschler a year later and has putprogressively more money under their control since then. But Buffett declinedto discuss any of their individual investment decisions, citing a policyagainst disclosing who is responsible for various parts of Berkshire'sportfolio.