The value of Seth Klarman

Beaten-down markets have been a boon for Baupost, which has become the sixth-largest hedge fund in the United States & a force to be reckoned with.


By Stephen Taub

Photographs by Grant Delin


Seth Klarman, president and portfolio manager of 28-year-old Baupost Group, is considered the dean of value investing among hedge fund pros, and such a devotee of Benjamin Graham and David Dodd that he was the lead editor to the reissue of their classic, “Security Analysis,” in 2008.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.