Seth Klarman, chief executive officer of The Baupost Group LLC, listens during an interview in New York, June 8, 2018.

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Billionaire manager Seth Klarman’s Baupost Group has drawn comparisons to Warren Buffett for his disciplined and patient value style. His hedge fund manages about $30 billion as of 2019 after racking up years of market-beating returns, though he’s struggled a bit as of late.