As every year, the GuruFocus community is invited to nominate the best investor of 2012. The process of nomination consists of two steps. In the first step, we ask our readers to nominate the candidates. Then we will set up a poll for users to vote for the investment Guru of the Year. It is a completely democratic process in which GuruFocus editors do not have control over the outcome.
Last year, Seth Klarman won the title of Guru of the Year with 38.2% of votes cast. Klarman runs the hedge fund Baupost Group, which has about $29.4 billion in assets under management and has produced an average annual return of 20% since his company’s inception.
This is a break down of last year's voting results:
Hedge funds again had a difficult year in 2012, with the average hedge fund returning 1.85% through August, compared to the S&P’s return of 13.8% for the same period. Only 11% of funds are beating the S&P, according to Goldman Sachs.
To nominate the Guru you think navigated the uncertainty of 2012 best, enter his name in the comments section below. Votes will then be cast and we will reveal the results soon!