From the Archive: The Value of Seth Klarman

Seth Klarman, the president and portfolio manager of Boston-based hedge fund firm Baupost Group, has made his name as a cautious, patient, value-oriented investor — one who takes similar care when choosing his employees. Over the years, Klarman has strived to build Baupost into a true partnership, building the firm’s roster of partners up to 10 and telling investors that number will grow in the coming years.

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