David Abrams Speaks Out, Mixing Humor With Returns

When reclusive star hedge fund David Abrams met fellow hedge fund star Seth Klarman in 1987, he didn’t realize it would move him from New York City to Boston forever.

David Abrams wanted to stay in New York, but when Klarman said “try it for a year” Abrams was hooked

David Abrams, whose hedge fund has delivered nearly double the returns of the average for hedge fund tracked by Hedge Fund Research, was working in merger arbitrage in New York when Seth Klarman suggested the two work together in Boston. “I don’t want to leave New York City,” Abrams said to Klarman at the time.  “Just try it for a year,” Klarman replied.

Twenty years later David Abrams still finds himself with...