Seth Klarman: Keeping Calm In A Bubble Market

For Seth Klarman’s value-focused hedge fund Baupost the early 1990s was a tricky time. According to his letters to investors, between the end of 1990 and fiscal year end of 1996 (October 31), the hedge fund turned every $50,000 invested into $120,585 a compound annual return of 16.17%. Q3 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Any investor would be happy with this sort of return, but Baupost actually underperformed the S&P 500 over this six-year span. Between…