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.

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