Abrams Capital Management LP is a value-oriented hedge fund founded by David Abrams in 1999. The investment firm holds approximately $8 billion in assets under management across three funds. Abrams Capital generally invests in a small number of beaten-down companies and maintains these investments over a long-term horizon. The firm’s main funds have delivered an average annualized return of roughly 15% since its inception, greatly outperforming both the average for hedge funds and the broader market. David Abrams, who worked at Seth Klarman’s Baupost Group LLC for a decade or so, is known to be extremely patient when it comes...