This is the first part of a multi-part series on Seth Klarman, value investor and manager of Boston-based Baupost Group. To ensure you do not miss part II sign up for our free newsletter.
Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman's funds lost somewhere between 7% and 13%, certainly outperforming the majority of its hedge fund peer group.
The group then rebounded during 2009, returning 27%. At the end of the second quarter of this year, Baupost announced yet another strong quarter, ending with the best...
