Billionaire Klarman Hires Manager For Family Office To Free Up Time To Run $27 Billion Hedge Fund blogpost is one about these Finance, Forex lists, posted just after our publisher Erick Emerson immediately upon February 6, 2019, that post can search during those hastag 27, Billion, Billionaire, family, free, Fund, Hedge, hires, Klarman, manager, Office, run, time. I'm satisfied to happy you and providing the other paper related finance and I am always publishing the article routine.
Billionaire investor Seth Klarman will no longer manage his family foundation’s money, a move that is expected to give him more time to manage his $27 billion hedge-fund firm.
Klarman of Baupost Group LLC appointed stock picker David Berkowitz to manage the Klarman Family Foundation’s assets, according to people familiar with the matter. That investment chief post is housed within Klarman’s family office, KFO LLC.
Berkowitz will advise Klarman on the hedge funds, private-equity funds and venture-capital funds the foundation invests in, said people familiar with the matter. The foundation’s money comes from Klarman and his wife, Beth. Klarman previously made those decisions himself and invested the foundation’s money in firms including Abrams Capital Management and Slate Path Capital.
Berkowitz proposed the change to Klarman over dinner several months ago, said a person familiar with the matter, saying the arrangement would free up more of Klarman’s time. The foundation’s assets were roughly $700 million as of 2016, according to a recent tax form.
An expanded version of this article appears at WSJ.com
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