Seth Klarman | |
|---|---|
 Klarman holding the Woodlawn Vase during 2022 Preakness Stakes | |
| Born | May 21, 1957 New York City, U.S. |
| Education | Cornell University (AB) Harvard University (MBA) |
| Occupation | Hedge fund manager |
| Known for | Founder and CEO, Baupost Group |
| Spouse |
Beth Schultz (m. 1982) |
| Relatives | Herbert E. Klarman (father) Michael Klarman (brother) |
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$1.50 billion and said he was the 15th highest earning hedge fund manager in the world in 2017.[3] He has drawn numerous comparisons to fellow value investor Warren Buffett, and akin to Buffett's notation as the "Oracle of Omaha," Klarman has been called the "Oracle of Boston."[2][5]
- ^ "The Baupost Group, LLC: Private Company Information – Bloomberg". Bloomberg L.P. May 25, 2023.
- ^ a b "The Oracle of Boston". The Economist. July 7, 2012.
- ^ a b "Forbes profile: Seth Klarman". Forbes. Retrieved May 22, 2020.
- ^ "Alpha Magazine Introduces the Alpha Hedge Fund Hall of Fame" (Press release). Marketwired. May 19, 2008.
- ^ Liang, David (February 20, 2017). "What This Legendary Value Investor Thinks About the Markets Right Now". The Motley Fool.