Baupost To Open London Office

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note