Tuesday, 28 April 2015
Last updated 14 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…