I just came across a feature article from the latest OID (March 17, 09) about Klarman. It's very interesting and here's an excerpt about his returns since they were the subject of so much debate just a couple of weeks ago:
"In addition to being a thoughtful writer and speaker on
the subject of value investing, Klarman has an outstanding
track record as an investor. Since its February 1, 1983
inception through December 31st, his Baupost Limited
Partnership Class A-1 has provided its limited partners an
average annual return of 16.5% net of fees and incentives,
versus 10.1% for the S&P 500. During the “lost decade”,
Baupost obliterated the averages, returning 14.8% and
15.9% for the 5 and 10-year periods ending December 31st
versus -2.2% and -1.4%, respectively, for the S&P."
The full article: http://www.oid.com/public/html/excerpts/Baupost2009/OIDBaupostInHouse.pdf
"In addition to being a thoughtful writer and speaker on
the subject of value investing, Klarman has an outstanding
track record as an investor. Since its February 1, 1983
inception through December 31st, his Baupost Limited
Partnership Class A-1 has provided its limited partners an
average annual return of 16.5% net of fees and incentives,
versus 10.1% for the S&P 500. During the “lost decade”,
Baupost obliterated the averages, returning 14.8% and
15.9% for the 5 and 10-year periods ending December 31st
versus -2.2% and -1.4%, respectively, for the S&P."
The full article: http://www.oid.com/public/html/excerpts/Baupost2009/OIDBaupostInHouse.pdf
