Saturday, 20 December 2014
Last updated 18 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.
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.