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. 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," he is known as the "Oracle of Boston." Early life 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 Course. His father, Herbert E. Klarman, was a public health economist at Johns Hopkins University and his mother was a psychiatric social worker His parents divorced shortly after their moving to Baltimore.