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‘Punishing’ December Takes Toll on Seth Klarman’s Baupost Group
The eclectic, value-driven investor’s cash position is currently at the low end of its historical range.
The Baupost Group is the latest hedge fund firm to disclose that the late-year global financial markets selloff wiped out its profits for the year.The eclectic investment firm headed by Seth Klarman told clients in its year-end letter that its partnerships finished the year roughly flat to down less than
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