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Seth Klarman’s Baupost to Return $4 Billion to Investors

The Boston hedge fund firm is returning capital for only the second time in its history owing to a lack of investment opportunities.

       Baupost Group founder Seth Klarman. Photo: (Bloomberg News) Seth Klarman’s Boston-based Baupost Group plans to return about $4 billion at the end of the year, according to sources with knowledge of the firm's plans, Alpha can exclusively reveal. We reported in September that Baupost had decided to give money back to investors at year-end, but the

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