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.
More from Investing
White House Trade Official Boasts Trade Deal as 'Huge' for Farmers
Peter Navarro tells the White House-friendly 'Fox and Friends' show that the deal will be a 'boom in farm country.'
Microsoft, Intel and Others Benefit from Better-Than-Expected Business PC Sales
Though CPU shortages are still an issue for the PC industry, an uptick in business PC demand is helping out a number of firms.
Market Wrap: GM Addresses New Offer Directly to Striking Workers
The autoworkers strike could cost GM up to $1.5 billion, according to a Credit Suisse note.