Friday, 22 August 2014
Last updated 9 hours ago
Nov 11 2010 | 2:13am ET
Baupost Group, which has seen its assets under management nearly triple over the last three years, has grown enough. The Boston-based firm said it would return some money to investors as a paucity of opportunities has reduced the value fund’s capacity.
The firm told investors that it would return 5% of their capital by the end of the year. That amounts to substantially less than Baupost has made this year; the $23 billion firm has made $6.5 billion in investment returns after fees over the past two years.
“Today, Baupost’s opportunity set is smaller than it has been in some years, while our cash balances have grown,” founder Seth Klarman wrote to investors this week.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note