Baupost Group
US$ 1.8 billion (2020)[2] | |
Number of employees | 61 (2020)[2] |
---|---|
Website | www |
The Baupost Group is a hedge fund[3] founded in 1982 by William Poorvu and partners Howard Stevenson, Jordan Baruch and Isaac Auerbach. Seth Klarman, who was asked by Poorvu to help run the fund, remains at its head today.[4] Baupost Group's investment philosophy emphasizes risk management and is long-only.[5][6] The firm, one of the largest hedge funds in the world, is a value investing manager.[7][8] According to Bloomberg L.P., Baupost is ranked 4th in net gains since inception.[9]
Investment strategy
Risk
It was reported that the Baupost Group does not use leverage in its investments with the exception of real estate where for every one dollar invested the Baupost Group used one dollar of leverage.[10]
It was reported that Baupost CEO Seth Klarman explained in a speech to
Performance
From its founding the firm have generated an average annual return of 20%.[7][10][12]
Investment history
With the rise of distressed debt sales in Europe caused by the sovereign debt crisis Baupost Group in 2011 opened its first international office in London to take advantage of investment opportunities in European commercial property market, corporate debt trading at distressed valuations and structured products.[13]
Walnut Place
According to a Reuters article, which cites
Natural resource extraction in Melancthon, Ontario, Canada
In 2006 Baupost Group formed Highland Companies, a
Post financial crisis of 2007–2008
After the
Company
It was reported that in 2004, 42 employees worked at Baupost Group: 12 investment focused and 30 administrative.[4]
Assets
Baupost Group's assets were $30 million in 1982, and $29.9 billion as of December 31, 2013.[8]
Offices
- Boston (1982)
- London (2011)[13]
Key people
- Seth Klarman, founder and president
- Jim Mooney, Managing Director[13]
References
- ^ Wigglesworth, Robin (23 January 2023). "RIP the cult of the Tiger cub". Financial Times.
- ^ a b "The Baupost Group Review". The Baupost Group Review. March 18, 2021. Retrieved 7 April 2020.
- ISBN 978-981-4469-92-0.
...long-only hedge fund shop, Baupost Group...
- ^ ISBN 978-0-471-46339-9. Retrieved 30 July 2011.
- ISBN 978-1-118-07816-7. Retrieved 30 July 2011.
- ISBN 978-0-375-50317-7.
- ^ a b c Zweig, Jason (22 May 2010). "Legendary Investor Is More Worried Than Ever". The Wall Street Journal.
- ^ a b "2013 – Baupost Group To Get Substantially Richer With Lehman". ValueWalk. Archived from the original on 2013-11-04.
- ^ "Dalio Earned Clients $13.8 Billion to Lead Hedge Funds as Paulson Slumped". Bloomberg.com. Bloomberg. 29 February 2012.
- ^ ISBN 978-1-59184-374-0. Retrieved 30 July 2011.
- ISBN 978-0-06-172003-1. Retrieved 30 July 2011.
- ^ "How Seth Klarman Achieved a 20% Annual Return for 30 Years". 23 July 2022.
- ^ a b c Kuo, Patricia (May 6, 2011). "Klarman's Baupost to Set Up in London to Cash In on European Debt Crisis". Bloomberg. Retrieved 31 July 2011.
- ^ The case is Bank of New York Mellon v. Walnut Place LLC et al, 2nd U.S. Circuit Court of Appeals, No. 11-4571.
- ^ "No mega quarry". Retrieved 10 January 2012.
- ^ "Coalition of farmers and urban foodies halts Ontario mega-quarry (Globe and Mail)". The Globe and Mail.