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Lawrence Pidgeon, investment analyst, dies

Lawrence S. Pidgeon, a former Goldman, Sachs & Co. analyst who went to work for Warren Buffett's stock picker before founding his own investment firm, CBM Capital Inc., has died. He was 49.

He died on Nov. 13 at his Manhattan apartment, according to his father, Harold Pidgeon. The cause was lung cancer, which was diagnosed in June.

"He never smoked or drank and did yoga and golf," his father said .

Pidgeon started his career in 1986 at New York-based Goldman Sachs, now Goldman Sachs Group Inc., and remained there until 1989. He moved on to work with Louis Simpson, who ran the money management arm of Geico Corp., the insurer owned by billionaire investor Buffett through Berkshire Hathaway Inc.

In 1995, Pidgeon founded New York-based CBM Capital, which makes long-term investments in undervalued businesses and managed about $464 million as of Dec. 31, according to a government filing.

In 2005, Forbes magazine said he was one of nine "hard-to-access investment wizards" to whom a new Goldman Sachs fund unit planned to steer clients.

Dirk Ziff, the billionaire heir to the Ziff-Davis Inc. publishing fortune, investing on behalf of his family, was one of CBM Capital's early clients, according to a 1997 Wall Street Journal article.

Ziff gave Pidgeon "a full year to set up his operation without asking him to make a single investment," the Journal reported.


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