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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. “We refuse to enter Wall Street’s ubiquitous short-term performance derby,” Klarman wrote at the time. It turns out that bit

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