Globe And Mail – Seth Klarman is considered one of the world’s money managing impresarios, a superb value investor whose record of outsized returns has given him cult status on Wall Street. What interests him now might be a surprise: rocks and spuds in a rural Ontario backwater.
While typical hedge funds flip stocks, commodities, and complex financial derivatives, Mr. Klarman’s Baupost Group has taken a position that is more down to earth, literally. It’s invested in Highland Companies, Ontario’s largest potato grower, which recently proposed developing a mega quarry on part of its sprawling spud lands.
