Seth Klarman almost doubled his hedge fund’s assets to $22 billion in the past two years as the industry shrank by sticking with the off-the-beaten-path investments he’s pursued since starting out in 1983.
Walter Schloss, the money manager who earned accolades from Warren Buffett for the steady returns he achieved by applying lessons learned directly from the father of value investing, Benjamin Graham, has died. He was 95.
Chuck Akre beat 99 percent of peers over more than a decade picking stocks based on price and ignoring much of what happened in the economy and government. He changed his approach after his fund declined 34 percent in 2008.
Billionaire George Soros and Och- Ziff Capital Management Group LLC scaled back investments in American International Group Inc. and Baupost Group LLC took a stake as the U.S. bailout of the insurer wound down.
Baupost Group LLC, the Boston-based hedge fund run by Seth Klarman, sold its remaining stakes in Hewlett-Packard Co. and Microsoft Corp. in the fourth quarter, abandoning bets on two firms tied to the personal-computer business.