Buffett's insurance leader Ajit Jain sells large part of Berkshire stake

Jain still oversees 166 Class A shares, including 61 held directly, 55 held by the trusts, and 50 held by his nonprofit Jain Foundation.

Ajit Jain, who runs some of Berkshire's insurance operations, plays a game of bridge during Berkshire Hathaway Shareholders annual meeting in Omaha, Nebraska May 3, 2009.

Credit: Reuters/Carlos Barria 

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