Klarman holding the Woodlawn Vase during 2022 Preakness Stakes
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
(m. 1982)
Relatives
Herbert E. Klarman (father) Michael Klarman (brother)
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.
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]
^"The Baupost Group, LLC: Private Company Information – Bloomberg". Bloomberg L.P. May 25, 2023.
^ ab"The Oracle of Boston". The Economist. July 7, 2012.
^ ab"Forbes profile: Seth Klarman". Forbes. Retrieved May 22, 2020.
^"Alpha Magazine Introduces the Alpha Hedge Fund Hall of Fame" (Press release). Marketwired. May 19, 2008.
^Liang, David (February 20, 2017). "What This Legendary Value Investor Thinks About the Markets Right Now". The Motley Fool.
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