Baupost To Return About $4 Billion

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.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...