Friday, 24 October 2014
Last updated 5 hours ago
Dec 5 2013 | 1:23pm ET
The Baupost Group will return about 15% of its assets to investors at the end of the year.
The Boston-based hedge fund has not given clients a precise figure, merely a range of percentages. But Baupost, which currently manages $28 billion, wants to shrink to about $25 billion, Reuters reports.
That means clients can expect about $4 billion back, according to Reuters.
Baupost announced in September that it would make a distribution, but did not say how large it would be. The payout will be only the second time in Baupost's 31-year history that it has made such a distribution to clients.
A paucity of opportunities in the current market is behind the move, Reuters reports.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.