Updated from 7:59 a.m. EDTAmong the 20 most-viewed portfolios on Stockpickr.com is the Seth Klarman - Baupost Group portfolio, which reportedly has had annualized returns of about 20% per year since inception. It seems appropriate that this money manager is worth closer examination because of the recent market correction and since Seth Klarman has been quoted as saying: "The Baupost Group seeks situations triggered by urgent, panicked, or mindless selling." Klarman started Baupost, with $27 million under management, shortly after graduating from Harvard with an MBA in 1982. He is now managing about $5 billion. As of August of 2006, Klarman has returned 6,133% net of fees since starting the fund. He is also author of the out-of-print book Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor. Klarman's holdings include Horizon Lines Borders Group and A.C. Moore ( ACMR - Get Report). For the rest of the article, including analysis on Klarman's holdings, please click here.
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