Billionaire Seth Klarman says Fed aid 'infantilized' investors and decoupled the stock market from fundamentals

· *The Federal Reserve's emergency relief efforts are driving a "surreal" stock rally as prices decouple from fundamentals, Seth Klarman, manager of hedge fund Baupost Group, said in a letter seen by Bloomberg.*
· *The S&P 500 surged on the central bank's policy announcements in March and continues to hold highs despite...