Seth Klarman

Attachments

1982-Today Baupost Group
2009 Klarman began buying distressed credits in the wake of the financial crisis of 2007-2008. He purchased the bonds of CIT Group, a financial holding company based in New York City at 65 cents on the dollar with a yield rate of 15%.
After the company went into prepared bankruptcy, as Baupost began lending it money via a loan, Carl Icahn gave a loan of $6 billion to the CIT Group but backed out of the deal a week later.
Klaravich Stables Inc.
Klarman also is active with the Israel Project, a pro-Israel advocacy group that collects and provides information on Israel for journalists.
Prof Michael Klarman
Seth Klarman closely follows the investment philosophy of Benjamin Graham and is known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price.
The Klarman Family Foundation
When Biogen eventually tried a hostile takeover of the company bidding up the price to $14 a share, Abbott Laboratories asked for a $27 per share settlement for acquisition. Klarman's fund finished that year up +27%.