The Value Hunter Seth Klarman Searches For Bargains — Barron’s 1991

Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost somewhere between 7% and 13%, certainly outperforming the majority of its hedge fund peer group. However, throughout his career Seth Klarman has stayed away from the media. He rarely gives interviews and runs Baupost in a secretive fashion. The interviews that Klarman has given are always full of useful information and tips for value investors. The following…