Billionaire investor Seth Klarman, who runs the Boston-based Baupost Group, had heart bypass surgery last week and was expected to go home Tuesday.
A letter to investors released this week reads, according to Bloomberg: “Last Wednesday, I underwent successful cardiac bypass surgery and am currently recuperating. I expect to be home in a couple of days. I intend to take things at a measured pace as my doctors suggest.”
Klarman, 57, has been at the helm at Baupost for 32 years, managing an estimated $28.5 billion in assets.
Klarman said the operation was planned several weeks ago, following a routine checkup his doctors were concerned about.
Klarman grew up in a Jewish family in Baltimore, his father was a public health economist at Johns Hopkins University and his mother taught high school English. He founded the Baupost Group in 1982
Klarman started The Klarman Family Foundation (which has $255 million in assets as of 2010), giving primarily to medical, Jewish and Israeli causes.
Klarman is the chairman of Facing History and Ourselves, developing classroom programs to combat antisemitism and bigotry. He also gave more than $4 million to The Israel Project, which provides information on Israel for journalists.
Klarman is a major Republican donor, giving big to groups like the Ending Spending Fund, but he also supports the pro-same-sex marriage American Unity Fund.