Klarman Appoints New Manager To Look After Foundation Funds

Seth Klarman is one of the most respected value investors managing money today. His hedge fund, the Boston-based Baupost, has delivered annualized returns for investors in the region of 20%. These returns are even more impressive when you add in the fact that since inception, the firm’s average cash allocation has been between 20% to 40%. Q4 hedge fund letters, conference, scoops etc Over the past few decades, Baupost has grown into a $27 billion investment powerhouse, and it has made Klarman into a billionaire. He has used part of his wealth to set up the Klarman Family Foundation, a…