(JTA) — One of the largest donors to the Republican Party in New England, Seth Klarman, is calling on voters to support Democratic candidates in the upcoming elections, and he put his money where his mouth is. Klarman, who is a registered Independent and stresses that “I’m not a Democrat,” told New York Times columnist…
Hedge fund guru Seth Klarman used to be a major Republican donor. Now he’s putting substantial money towards helping the Democrats’ “blue wave.” Klarman, who is Jewish and a registered independent, has donated more than $250,000 to around 80 Democratic candidates so far this year, the Forward can reveal. The investor gave more than $2.9…
Jewish billionaire hedge fund magnate Seth Klarman compared President Donald Trump to Hitler at a private philanthropy conference this month, according to audio obtained by New York Magazine. “The president is a threat to democracy,” said Klarman. “People don’t focus on this but Nazi Germany had a constitution before Hitler came to power and at…
Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico’s debt to be wiped out and said the island’s residents will be better off in the long run if obligations are honored. Klarman comments came in an email to investors, offering fresh details about how his $30 billion hedge fund Baupost Group sees its…
This week an online investigative magazine revealed that Jewish mega-donor Seth Klarman owns nearly $1 billion in Puerto Rican debt, a fact he tried to hide by holding the asset in layers of shell companies. Klarman has also made some secretive political donations, using “dark money” groups to support charter schools and fight teachers’ unions….
The recent revelation that the hedge fund controlled by Boston billionaire Seth Klarman owns nearly $1 billion in Puerto Rican debt shouldn’t have surprised anyone following Klarman’s involvement in political issues. Klarman, a mega-donor to Jewish and other communal causes, has often chosen to utilize “dark money” when it comes to causes in which a…
Making a profit by purchasing cheap debt and selling it for a higher price is not illegal; indeed, Boston billionaire Seth Klarman has made much of his fortune that way. But it can be unpopular, especially when the indebted party is struggling. Klarman’s hedge fund, The Baupost Group, holds $911 million in Puerto Rico’s debt,…
A major Jewish philanthropist who is among the biggest Republican donors in the country just gave $30,000 to help the Democrats take the House. Seth Klarman, the reclusive hedge fund billionaire who backs the Times of Israel, among other Jewish causes, has been a major donor to Republican candidates and Super PACs. Klarman, an independent,…
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