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Seth A. Klarman

Seth is the President of The Baupost Group, L.L.C., which currently manages approximately $16.5 billion on behalf of individual and institutional clients. He has had primary responsibility for managing the investments of Baupost since the Company was formed in May, 1982. Baupost uses a value discipline with an event-driven bias to find global opportunities in such diverse areas as publicly-traded and private equities, bankrupt and financially-distressed debt, and real estate. Baupost’s largest partnership vehicle has achieved compound net annual returns to investors of over 19% and has experienced only two money-losing years since inception in 1983.

Author of Margin of Safety, a book that outlines his value investment philosophy, Seth was chosen as lead editor for the recently-published Security Analysis Sixth Edition and has been featured in a variety of investment industry publications.

Seth is National Chairman of Facing History and Ourselves, a teacher training organization. He is a member of the Board of Dean’s Advisors at Harvard Business School, where he has been a senior lecturer on value investing and was a member of the Alumni Board. He is Chairman of The Klarman Family Foundation, serves as Chairman of the Board of Directors of The David Project, and recently joined the Board of the Broad Institute.

A 1982 graduate of Harvard Business School, he studied Economics at Cornell receiving the A. B. degree. Seth was born in New York City, grew up in Baltimore, and currently lives in Chestnut Hill, Massachusetts with his wife and three children.