Seth Klarman

Seth Andrew Klarman (born May 21, 1957) is an American investor, hedge fund manager, and philanthropist. He is known as a value investor and is currently 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 off of their rise in price. Since his fund's $27 million-dollar inception to 2008 he has realized a 20 percent compound return-on-investment and as of 2016 manages $31 billion in assets. In February 2017, Forbes Magazine listed his personal fortune at US$1.55 billion. In 2015, Klarman was listed as the 15th highest earning hedge fund manager in the world. In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame. He has drawn numerous comparisons to fellow value investor Warren Buffet, and akin to Buffett's notation as the "Oracle of Omaha," he is known as the "Oracle of Boston." 2Early life and education Seth Andrew Klarman was born on May 21, 1957 in New York City. When he was six he moved to the Mt. Washington area of Baltimore, Maryland near the Pimlico Race Track, and grew up in a traditional Jewish famil