Sunday, 22nd November 2009

 

26 June 2009 - Press Briefing

Chinese fund manager pays $2.1m for Buffett lunch

Chinese investment fund manager Zhao Danyang has paid $2.1m (€1.5m) for a lunch with billionaire Warren Buffett on Wednesday as part of a charity auction, according to a CNBC report.

Every year, the Omaha investor auctions off one lunch and donates the proceeds to the Glide Foundation, which provides social services to San Francisco's homeless and poor.

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. Comment: Prince William seals the ascent of hedge funds
  4. How The Rich Are Different: Recession Hits Investment Psyche
  5. Citi Private Bank poaches senior Merrill executive

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347