Founded in 1982 by Harvard Professor William Poorvu and partners Howard Stevenson, Jordan Baruch, and Isaac Auerbach, The Baupost Group has a long-term, value-oriented approach to investing. The firm manages approximately $28 billion in assets for families, foundations, endowments, and employees, and invests in a variety of asset classes, including publicly traded debt and equity securities, private debt, real estate, and private equity. Seth Klarman, the CEO and Portfolio Manager, has been overseeing Baupost's investments since its inception.