Baupost Group Posts Mid-Single Digit Gain in 2017

The value-oriented hedge fund firm boosted its U.S. equity portfolio to record levels in the fourth quarter.

Seth Klarman, Baupost Group (photo credit: Daniel Acker/Bloomberg)

In his 2016 fourth quarter letter, Baupost Group’s Seth Klarman reminded his investors his firm does not concern itself with quarterly or one-year performance.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.