Todd Combs, portfolio manager at Berkshire Hathaway Inc., waits for the start of the “Berkshire Hathaway Invest In Yourself 5K” race presented by Brooks Sports, a Berkshire Hathaway Inc. company, on the sidelines of the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 4, 2014.
Daniel Acker / Bloomberg / Getty Images
JPMorgan Chase has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, the company said Monday, a faster-than-expected pace that indicates the bank is finding plentiful opportunities in emerging defense, manufacturing and supply chain firms.
The bank, which last year said it would deploy $10 billion into startups over a decade, may expand the program beyond that initial dollar amount, JPMorgan co-president Doug Petno told CNBC in an interview.
Todd Combs, the former Berkshire Hathaway executive who leads the JPMorgan group in charge of
