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Axa Fund Uses Buffett, Lampert, Bollore to Outperform Rivals

October 25, 2005

Axa SA's $382 million Talents mutual fund has doubled its clients' money over the past three years by following the choices of such billionaires as Warren Buffett, Edward Lampert and Vincent Bollore.

This month the Paris-based fund bought shares in Buffett's Berkshire Hathaway Inc. and added stock in Sears Holdings Corp., where Lampert is chairman. Buffett, 75, is the world's second- richest man with an estimated $40 billion, according to Forbes magazine. Lampert, 43, was the best-paid hedge fund manager last year, earning an estimated $1 billion, according to Institutional Investor's Alpha magazine.

http://www.bloomberg.com/apps/news?pid=10000085&sid=aM2BtdAvR6yU


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