Key Takeaways
- • Todd Combs, former stockpicker at Warren Buffett's Berkshire Hathaway, has helped allocate around $5 billion of investments since joining JPMorgan Chase & Co.
- • Combs oversees JPMorgan's strategic investment group, which focuses on industries critical to national security.
- • His group has funneled money into 10 firms, putting roughly half of the capital originally allocated to the group to work.
- • Combs said the group can invest across the spectrum, stating "We can do early private, we can do late stage public, we can do anything and everything."
Summary
Todd Combs, the former stockpicker at Warren Buffett's Berkshire Hathaway Inc., has helped allocate around $5 billion of investments from his new role at JPMorgan Chase & Co., according to Bloomberg Law. Combs oversees the bank's strategic investment group, which is focused on industries critical to national security.
According to the report, Combs helped direct funding into 10 firms, enabling the group to deploy about half of the capital it was originally given. A separate report noted that Combs has overseen about $5 billion of investments at JPMorgan since joining in January.
Speaking Tuesday at Grant's Annual Fall Conference in New York, Combs described the mandate's flexibility: "We can do early private, we can do late stage public, we can do anything and everything," he said.
Combs's move followed his departure from Berkshire Hathaway, where he had served as an investment officer and as CEO of Geico, and was reported by CNBC and others as part of JPMorgan's broader hiring of Berkshire-linked talent.
According to the report, Combs helped direct funding into 10 firms, enabling the group to deploy about half of the capital it was originally given. A separate report noted that Combs has overseen about $5 billion of investments at JPMorgan since joining in January.
Speaking Tuesday at Grant's Annual Fall Conference in New York, Combs described the mandate's flexibility: "We can do early private, we can do late stage public, we can do anything and everything," he said.
Combs's move followed his departure from Berkshire Hathaway, where he had served as an investment officer and as CEO of Geico, and was reported by CNBC and others as part of JPMorgan's broader hiring of Berkshire-linked talent.
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