Market folly seth klarman biography
Baupost group!
Market folly seth klarman biography
Seth Klarman
American billionaire investor
Seth Andrew Klarman (born May 21, 1957)[1][2] is an American billionaire investor, hedge fund manager, and author.
He is a proponent of value investing. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.
He closely follows the investment philosophy of Benjamin Graham and is known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price.
Since his fund's $27 million-dollar inception in 1982, he has realized a 20% compounded return on investment.[citation needed] He manages $30 billion in assets.[3]
In 2008, he was inducted into Institutional Investor Alpha's Hedge Fund Manager Hall of Fame.[4]Forbes listed his personal fortune at US$1.3 billion and said he was the 15th highest earning hedge fund manager in the world in 2017.[3&