Monday, 28 July 2014
Last updated 1 hour ago
Aug 15 2012 | 10:06am ET
Baupost Group may be having a mediocre year, but founder Seth Klarman is having an extraordinary summer at the racetrack.
Klarman's horses have been the big winners at the summer meet at Saratoga Race Course in upstate New York. The hedge funder had run 25 horses through Aug. 11, with more than three-quarters of them finishing in the money. Klarman's horses have won $471,932 in the first three-and-a-half weeks of the meet, over $160,000 more than his closest competitor.
Klarman, who also owns a minority stake in Baupost's hometown baseball team, the Boston Red Sox, runs the racing business with partner Bill Lawrence, a founder of Meridian Capital Partners.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…