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:
In the past, GuruFocus users voted Warren Buffett (2005), David Dreman (2006), Ken Heebner (2007), Prem Watsa (2008), Bruce Berkowitz (2009) and David Tepper (2010) to be the Gurus of the Year.
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!