Klaravich Stables (Seth Klarman)

Born: May 21, 1957, grew up in

Residence: Chestnut Hill, Massachusetts

Family: Wife, Beth; three children

Education: Graduated from with an economics degree and received an MBA from Harvard.

Primary Business: CEO & President of -based , a private investment partnership he founded in 1982.

Breeders’ Cup Record: as sole owner: 2 0-0-1 | $190, 000; in partnership with William Lawrence: 16 0-1-2 | $849,345

• Seth Klarman races under the banner of Klaravich Stables … He has owned horses since 1993, when he formed a partnership with Jeff Ravich, who departed a decade later to form his own stable … In 2006, he began to buy horses with William H. Lawrence and they have raced together since then with their horses carrying both of their names…Lawrence is the CEO and Chief Investment Officer of Meridian Capital Partners.

• They currently have more than 100 in training, mostly with trainer Chad Brown … They also have horses with trainers Rick Violette, Albert Stall and Tom Amoss.

• Most, but not all the Klaravich-Lawrence runners are given names with a financial angle. Among the graded stakes winners they have campaigned are , Economic Model, Flexibility, Pricedtoperfection, Takeover Target, Balance the Books, Sum of the Parts and Currency Swap.

• Since Klarman is a baseball fan and a minority owner of the , he and Lawrence have raced stakes winners Fenway Faithful and Yawkey Way.

• Klaravich enters the 2018 Breeders’ Cup with the strong hand of two Chad Brown-trained horses, who each earned starting berths through the “Win and You’re In” series. Multiple Grade 1 winner and Longines Test (G1) winner Separationofpowers contests the Filly & Mare Sprint and Champagne Stakes (G1) winner Complexity runs in the Juvenile.

• Under the Klaravich banner in 2017 Frizette (G1) winner Separationofpowers was 4th in the Juvenile Fillies and Voting Control finished third in the Juvenile Turf. • Klaravich’s Newspaperofrecord, who won the Miss Grillo Stakes (G2), is probable for the Juvenile Fillies Turf.

• Patternofrecognoition, winner of the Kelso Handicap (G2) in 2018, is also a possible Breeders’ Cup starter for Klaravich Stables and Lawrence this year.

• In 2017, was 4th in the Dirt Mile. The partnership won a pair of Grade 1 races in 2016 with Practical Joke, who ran third in the Sentient Jet Breeders' Cup Juvenile. He finished second in both the and Toyota to qualify for the 2017 Derby, where he finished fifth.

• The complete results for Klaravich & William Lawrence are: Animal Spirits (Animal Spirits, Juvenile Turf, 5th 2011), Balance the Books (Juvenile Turf, 3rd, 2012), Favorable Outcome (Juvenile Turf, 12th, 2016), Globalization (Juvenile, 11th, 2007), Money Multiplier (Turf, 6th, 2016), Partisan Politics (Juvenile Fillies Turf, 6th, 2014), Phantom Income (Juvenile Fillies, 13th, 2007), Practical Joke (Dirt Mile, 4th, 2017; Juvenile, 3rd, 2016), Pricedtoperfection (Juvenile Fillies Turf, 9th, 2015), Ready to Act (Juvenile Fillies Turf, 6th, 2013), Startup Nation (Juvenile Turf, 11th, 2014), Sum of the Parts (Sprint, 12th, 2013; Sprint, 4th, 2012, Juvenile Sprint, 6th, 2011), Top Decile (Juvenile Fillies, 2nd, 2014).

• Klarman and Lawrence came up with dream-come-true victory when Cloud Computing captured the 2017 Preakness (G1), rallying to defeat . Klarman grew up down the street from Pimlico.

• Lawrence said “about 95 percent” of his and Klarman’s horses have financially oriented names, but opted for a more conventional method with Practical Joke, whose name is based on his breeding: by out of the mare Humor … “We broke the mold in naming him and maybe he’ll be something special,” Lawrence said.

• Klarman also won the Grade 1 Hopeful in 2011 with Currency Swap.

• Prior to joining forces with Lawrence, Klarman’s top horses included multiple-Grade 1 winner Subordination, who earned $1.2 million … He won the Grade 1 Eddie Read in 1998 and Grade 1 Hollywood Derby in 1997 … His other wins included the 1998 Belmont Breeders’ Cup Handicap (G2) and Brooklyn Handicap (G2) and 1997 Jamaica Handicap (G2) … He also owned Read the Footnotes, winner of the 2004 Fountain of Youth (G2) and the 2003 Remsen (G2) and (G3).

• Klarman was recently listed by Forbes magazine as having a net worth valued at $1.5 billion as of October 12, 2018 and his foundation’s assets were $520 million as of the last filing.

• His book “Margin of Safety,” is considered a cult classic among investors … Also a noted philanthropist, his foundation’s assets hit $540 million as of the latest public filing, according to Forbes magazine … Owns the digital, English-language Israeli newspaper Times of .

• Once a major donor to the Republican Party, he has publicly denounced President and is now a contributor to the Democratic party and a registered Independent.