Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More
Below is a partial excerpt from Seth Klarman’s page followed by link to the full page, which can also be found under Value Investors tab on the top of the page.
Seth Klarman is relatively unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost somewhere between 7% and 13%, certainly outperforming the majority of its hedge fund peer group.
The group then rebounded during 2009, returning 27%. At the end of the second quarter of this year, Baupost announced yet another strong quarter, ending with the best month the group has had in terms of returns in more than five years, even though around 35% of the portfolio remained invested in cash. Around 14% of the portfolio was also invested in liquidating claims in the Lehman estate, according to the firm’s Q2 letter.
See full page here.