Wednesday, 17 December 2014
Last updated 4 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.