Tuesday, 1 December 2015
Last updated 11 hours ago
May 6 2011 | 12:29pm ET
The Baupost Group sees such attractive opportunities in Europe, the hedge fund is set to open its first overseas office in London to take advantage.
The $24 billion Boston-based firm will focus on distressed debt, as European banks begin to offload those assets from their books. In particular, the London team will trade primarily commercial real-estate, structured products and corporate debt, Bloomberg News reports.
The new office will be headed by managing director Jim Mooney. Baupost plans to make a series of external hires to staff it and work with Mooney.
Baupost is no stranger to Europe, having traded in the region for some time. But it has always done so from the comfort of its Boston headquarters.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…