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Wagner Leaving Baupost Shows Difficulty in Keeping Talent

Herb Wagner’s decision to leave Baupost Group shows how tough it is for hedge funds to keep ambitious, talented people.

      Baupost's Seth KlarmanPhoto credit: (Bloomberg)Does news of Herb Wagner’s decision to start his own investment company, after two years as Seth Klarman’s co-portfolio manager at the Baupost Group, to start his own throw a temporary hitch into Klarman’s succession plans? Probably not, given Klarman’s plan to maintain his current role

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