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Baupost on Capital Returns, Puerto Rico Holdings

The hedge fund firm tells investors its capital return will be on the lower end of what is projected and explains its controversial holdings of Puerto Rican bonds.

       Seth Klarman, Baupost Group (Bloomberg)Seth Klarman’s Baupost Group has told investors the amount of capital it plans to return at the end of the year is at the lower end of the range it had earlier projected, according to its most recent investor letter, which also updated clients on its

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