Seth Klarman
American billionaire investor / From Wikipedia, the free encyclopedia
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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.
Seth Klarman | |
---|---|
Born | (1957-05-21) May 21, 1957 (age 67) 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 ā (m. 1982) |
Relatives | Herbert E. Klarman (father) Michael Klarman (brother) |
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]