Focus on Companies: Baupost Group

May 16, 2012 James Heinsman Company Spotlight

The hedge fund industry has been feeling the effects of the difficult financial times we are living through. However there are some bright spots on the dark background, including the Baupost Group, managed by Seth Klarman. For Baupost, 2011 finished in the black due, according to Klarman because of the company’s “focus on risk-aversion and the pursuit of excellent long-term results” and not on “quick gains, short-term trades and market momentum.”

Baupost was launched in 1982, and since that time its return has averaged about 20% annually. Today this fund is the 11th largest hedge fund in the world with $24 billion assets under management.
 

Baupost Group, Seth Klarman,

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