“Legendary investor Warren Buffett has at last locked his gaze on Australia and will now take charge of a $2 billion war chest for investment here each and every year. Mr Buffett, the head of investment conglomerate Berkshire Hathaway, will use funds from a newly minted deal with Insurance Australia Group to build up equity stakes in other large Australian companies including at least one bank. Banks will be among his targets. Mr Peters said the IAG deal ‘sends a very clear message to the market place that Berkshire will be deploying capital in Australia’.”
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