Sunday, 5 July 2015
Last updated 2 days ago
Sep 25 2013 | 12:20pm ET
The Baupost Group plans to return some money to investors at the end of the year as opportunities become scarcer.
It is unclear how much of its $28 billion in assets the Boston-based hedge fund will return, Reuters reports. It is only the second time since the firm was founded 31 years ago that it is making such a distribution, joining the likes of Moore Capital Management and Tiger Global Management, both of which returned capital to investors last year.
According to Reuters, Baupost chief Seth Klarman is finding it difficult to put so much money to work in the current market environment.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…