Seth Klarman’s Latest Winners
Almost two years ago – in our very first commentary – we wrote that one of the ways to get a bead on what Seth Klarman is thinking is by looking at what he names his horses. That article highlighted the fact that Klarman’s horse was named Sovereign Default. This, of course, was in advance of the fear surrounding Greece and other members of the Eurozone showing once again that Klarman was ahead of pack. It turns out that his horses are ahead of the pack too. This recent story, titled “Boston hedge fund chief beating all horse owners at Saratoga meet” says that Klarman’s stable is leading the field in prize money.
If you want some of Klarman’s latest thoughts ZeroHedge posted a very brief snippet from his latest letter.