Seth Klarman Biography, Age, Wife, Book, Portfolio, Baupost, Holdings and Networth

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Seth Klarman Biography

Seth Klarman born as Seth Andrew Klarman is an American billionaire investor and hedge fund manager. He is widely known as a value investor, and is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.

Klarman closely follows the investment philosophy of Benjamin Graham and is also known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price. Since his fund’s $27 million-dollar inception to 2008 he has realized a 20 percent compound return-on-investment and as of 2016 manages $31 billion in assets.

His personal fortune is listed by  Forbes Magazine at  US$1.50 billion. Klarman was listed as the 15th highest earning hedge fund manager in the world in 2015. He was inducted into Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame in 2008.  He has drawn numerous comparisons to fellow value investor Warren Buffett, and akin to Buffett’s notation as the “Oracle of Omaha,” he is known as the “Oracle of Boston.”

Seth Klarman Age

Klarman was born on May 21, 1957 in New York City. He is 61 years old as of 2018.

Seth Klarman Family

Klarman was born on May 21, 1957 in New York City. At age of six he moved to the Mt. Washington area of Baltimore, Maryland near the Pimlico Race Track, and grew up in a traditional Jewish family. Klarman’s father was a public health economist at Johns Hopkins University and his mother was a psychiatric social worker. After moving to Baltimore his parents divorced.

Seth Klarman Education

Klarman joined Cornell University in Ithaca, New York, though he was interested in majoring in mathematics he instead chose to pursue economics. In 1979 he graduated magna cum laude in economics with a minor in history. He interned at the Mutual Shares fund and was introduced to Max Heine and Michael Price in the summer of his junior year. After he graduated from college he went back to the company to work for 18 months before deciding to go to business school. Klarman went on and joined Harvard Business School where he was a Baker Scholar and was classmates with Jeffrey Immelt, Steve Burke, Stephen Mandel, James Long and Jamie Dimon.

Seth Klarman Wife | Seth Klarman Children

Klarman typically keeps a low profile, rarely speaking in public or granting interviews. He lives with his wife Beth Schultz Klarman, whom he met on a Boston Harbor cruise in 1982 in Chestnut Hill. The couple has three children. He has a brother known as Michael Klarman, who is a professor at Harvard Law School.

Seth Klarman Margin Of Safety |Seth Klarman Letter

Though Klarman has written many annual letters to shareholders he has kept a limited role in writing articles, opinion editorials or books. During an interview with Charlie Rose, he discussed the popularity of his shareholder’s letters and a request on behalf of HarperCollins to write and publish a book on investing.

Following this request he published his first book and as of February 2017, his only book, Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor, a reflection of value investing found in his hedge fund. In this book he has outlined the various issues with retail investing, and critiques small time investors getting into the market purely using metrics such as price momentum and losing money in the long run. He said that this is speculation and at times gambling, and should be discouraged in the market place. The book asserts that more people should become value investors or people who invest in stocks that trade below their underlying value so as to purchase them at a discount.

Seth Klarman Book

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.

Seth Klarman Baupost

In 1982 after graduating from business school, he founded the Baupost Group with Harvard Professor William Poorvu and partners Howard Stevenson, Jordan Baruch and Isaac Auerbach. The name Baupost is an acronym based on the founders’ names which was decided before Klarman joined the project. Klarman together with his associates were asked by Poorvu to manage some money he had raised from the selling of his share in a local television station and the fund was started with US$27 million in start up capital. Klarman’s starting salary was $35,000 a year, considered low to alternative job offers, and he later recalled that the other founders “were taking a big risk on a relatively inexperienced person.”In his early investment career, he used to badger Goldman Sachs salesmen with questions regarding their options and thoughts on the markets that they were afraid to pick up the phone if they saw that Baupost was calling.

Seth Klarman House

Seth Klarman Net Worth

Klarman has a Net worth‎ US$1.50 billion

Seth Klarman Holdings |Seth Klarman Portfolio |Seth Klarman Stocks

Reportedly, Seth Klarman’s 13F portfolio value increased from $10.37B to $11.44B this quarter. Baupost Group increased Twenty First Century Fox while decreasing Cheniere Energy. The portfolio continues to be heavily concentrated with the top three positions accounting for ~40% of the 13F portfolio.

Seth Klarman Letter To Investors |Seth Klarman Annual Letter |Seth Klarman Investor Letter

Seth And Beth Klarman

Spelman College was excited to announce a $5 million gift from Seth and Beth Klarman of Boston in January 22, 2018 . The gift was set to fund scholarships for current and incoming Spelman students. Spelman is a leading liberal arts college dedicated to academic excellence and the education of Black women through intellectual, creative, ethical and leadership development. The Klarmans’ $5 million gift  was set also to extend opportunities to more Spelman scholars to become models of academic excellence and agents for positive change in the world.