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Seth Klarman's Baupost May Return Some Capital to Investors

The head of the Boston-based investment firm says that unless investment opportunities pick up significanly, the firm will return some investor cash by the end of the year.

The Baupost Group, the Boston-based investment firm headed by noted value investor Seth Klarman, will probably return some capital to investors at year-end, according to a quarterly letter to clients obtained by Institutional Investor’s Alpha. Klarman says that unless investment opportunities dramatically increase by later in the year, he anticipates returning

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