Jim Chanos

From the archives: A star on the rise

February 15, 2012: 5:00 AM ET

FORTUNE -- In the Oct. 30, 1989, issue, Fortune profiled 12 rising stars in the world of investing under a provocative headline: "Are These the New Warren Buffetts?" There can be only one Oracle of Omaha, of course. But looking back, our search for investors with a Buffett-like skill for compounding money proved to be highly successful. "Odds are that at least a few will go on to investing fame and their clients to fortune," the story read. More than 20 years later, that's very true indeed.

Among the money managers we featured were Eddie Lampert, founder of the now $11 billion hedge fund ESL and chairman of Sears Holdings (SHLD); short-seller extraordinaire Jim Chanos of Kynikos Associates, perhaps best known for his prescient bet against Enron; Michael Price, who became a legend for his record running the Mutual Shares fund (TESIX); distressed-asset specialist Richard Perry of $9 billion Perry Capital; and even a hyper, curly-haired trader named Jim Cramer.

We also shined the spotlight on a young investor in Cambridge, Mass., named Seth Klarman. Klarman, then 32, had posted 28% annualized returns over his first seven years at Baupost Group. "Klarman's exceptionally quick and subtle mind allows him to see value in many different guises," writer Brett Duval Fromson observed. Much like Buffett himself.

Back to: A hedge fund bets big on a Canadian mega-quarry

This article is from the February 27, 2012 issue of Fortune.

  • Investors pile into the bet against China

    Manufacturing jobs are leaving China and returning to the U.S. But many investors are betting that that may actually be the least of China's problems.

    FORTUNE -- Jim Chanos is not alone. The well-known short-seller and vocal China bear spoke last month of not finding enough available shares to short some U.S.-listed Chinese companies with questionable accounting practices. Just a week after his interview, a short seller's report on a U.S.-listed Chinese timber company MORE

    - Jun 29, 2011 10:35 AM ET
  • China's debt bomb

    As the world watches the Greek credit crisis unfold, a Sino-debt disaster is brewing halfway around the world.

    Jim Chanos, the hedge fund manager who is famously shorting China, told Fortune late last year that the country was "embarking on something unprecedented." He was referring to the massive construction boom that has been underway for years, and that was supercharged by a 2008 stimulus package that pumped four trillion yuan ($586 MORE

    - Jun 28, 2011 10:41 AM ET
  • Hedge fund confab delivers small ideas, not fireworks

    This year's Ira Sohn Conference lacked the big, bold calls that have made the event so famous.

    FORTUNE -- The Ira Sohn Conference is ostensibly an event that raises money for pediatric cancer research. A crowd of investors and asset allocators pay thousands of dollars to hear elusive figures like Cerberus' Steve Feinberg and legends like Carl Icahn take their turn at the podium; and they get to shake hands with MORE

    - May 26, 2011 2:29 PM ET
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