David Abrams

David Abrams worked at Baupost Group under Seth Klarman, one of the most respected value investors in the US, before founding Abrams Capital Management. Abrams Capital runs a concentrated value-oriented long/short equity approach, taking deep fundamental positions in companies with large discrepancies between intrinsic value and market price. The fund is known for its patient approach and willingness to hold positions through extended periods of underperformance. Abrams has maintained a low public profile, consistent with the approach of many fundamental value managers who prefer that their investment activities not draw excessive attention. His fund has generated strong long-term returns through disciplined value analysis. This patient capital deployment, combined with a willingness to concentrate in a small number of deep-value situations, has positioned Abrams Capital among the most consistently successful smaller fundamental hedge funds in the United States.