Seth Klarman
Seth Andrew Klarman (born May 21, 1957) 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 | |
|---|---|
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) |
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 . He manages $30 billion in assets.
In 2008, he was inducted into Institutional Investor Alpha's Hedge Fund Manager Hall of Fame. 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. 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."