Tracking Seth Klarman's Baupost Group Holdings

Tracking Seth Klarman’s Baupost Group Holdings

via SeekingAlpha.com: Home Page by One Family’s Blog on 10/18/11

By One Family’s Blog: Seth Klarman is at the helm of Baupost Group – a Boston hedge fund he founded in 1983. In the last 28 years, the assets under his management have grown from $27 million to well over $22 billion. The lifetime performance of the funds is astounding with the average annual return almost at 20%. The investment philosophy at Baupost is value investing with an emphasis on risk management and a focus on absolute returns. It is described in detail in his book “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor,” released in 1991. A new copy of this book, which is out of print and very hard to find, commands in the $1000 range. Klarman’s letters to his investors are also a source describing the modus operandi of his funds (some of these are published with permission on the internet). The following quote from his letter to Complete Story »