Klarman: Baupost’s Core Principles Have Helped The Fund OutperformRupert Hargreaves
When Baupost, the $30 billion Boston-based hedge fund now managed by Seth Klarman, was founded in 1982, it was launched with a core set of aims.
Established by Harvard professor William Poorvu and a group of four other founding families, including Klarman, the group aimed to compound capital over the long run while avoiding the "wrenching downside volatility that can accompany a strategy of simply being long equities."
Klarman explains . . .
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