Large Hedge Funds Have Collectively Invested $1 Billion In Buffett’s Berkshire Hathaway

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The rise of interest rates has caused losses for for some of the largest hedge funds on Wall Street. Funds are showing increased willingness to accept slower growth stocks for the sake of a more prudent investment.

Richard Chilton, the founder and chief investment officer of Chilton Investment Company, told the FT he added to his Berkshire stake once Buffett bought more Occidental Petroleum stock this year, believing Berkshire eventually may take over the oil giant.

“It was a very low-risk purchase for what we believe could be pretty darn high reward,” he said of Berkshire stock. “It’s a value play . . . We analyse business models and invest in businesses in the long term.”