‘Weirdest time in 40 years’: Wall Street icon Seth Klarman’s warning
While retail investors are partying like it’s 2021, fund managers such as Seth Klarman remain worried that the “everything bubble” is still not fully resolved.
If you’re looking for an embodiment of the “smart money” in markets, then Seth Klarman would be high on the list.
The low-profile hedge fund manager is the chief investment officer of Boston-based fund manager The Baupost Group, which is famous on Wall Street for having delivered an average annual return of 20 per cent since it was established in 1982.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
