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Seth Klarman’s Baupost to Return Some Capital to Clients

The Boston-based asset manager says the firm’s capital base is too large for the number of opportunities it sees for investment.

Seth Klarman’s Baupost Group has decided to return some money to investors at year-end, but it has not yet determined the amount, according to a person familiar with the firm’s plans. This would be only the second time Baupost returned money to investors in the Boston-based investment firm’s 31-year history. The

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