Seth Klarman — Person

About

Seth Andrew Klarman is an American billionaire investor, hedge fund manager, author, and philanthropist. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982. Widely recognized as a proponent of value investing, Klarman is often referred to as 'the Oracle of Boston' due to his successful long-term investment strategy, which emphasizes buying assets below their intrinsic value and maintaining a significant cash position. He is the author of the highly regarded book 'Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor'. Klarman is known for his substantial support of pro-Israel causes and conservative political initiatives, and his philanthropic efforts often focus on education, healthcare, and Jewish organizations.

Key Relationships

Howard Kohr

major_donor

Seth Klarman has been a major financial backer of AIPAC, providing substantial donations to support its lobbying and political activities. Kohr's role as CEO would have involved direct engagement with Klarman to secure funding and maintain his support for AIPAC's agenda.

Paul Singer

contracted

Paul Singer and Seth Klarman share a close personal and professional relationship, bonded by their mutual involvement in hedge fund management and conservative political causes. They have collaborated on funding conservative political campaigns, pro-Israel organizations, and free-market think tanks, and are major donors to Republican candidates, including as major donors to the 2012 Mitt Romney presidential campaign. Their joint support extends to organizations like the Manhattan Institute and the Foundation for Defense of Democracies, and their financial partnership includes donations to Jewish, educational, and other causes.

Since 2008

Paul Singer

collaborated

Paul Singer and Seth Klarman have collaborated on investment strategies and industry advocacy, particularly through their shared involvement in the Managed Funds Association (MFA) and other financial industry groups.

Since 2000

Paul Singer

secret_meeting

Paul Singer and Seth Klarman held a secret meeting in 2017 with other top activist investors, including Daniel Loeb and Barry Rosenstein, to coordinate strategies for targeting underperforming companies. The meeting, held at Klarman's private residence in Boston, was not disclosed to the public until leaked to The Wall Street Journal in 2019. Attendees discussed joint positions in companies like Allergan and ADP, as well as tactics for pressuring corporate boards to adopt their preferred policies.

Since 2017

Key Facts

Career & Education

About

Key Relationships