Money and Finance
- Seth Klarman's Baupost Hedge Fund Loses More Than $150 Million On Gold Miners
In October, Marcel “Mac” DeGuire became president and chief operating officer of Guyana Goldfields, an exploration-stage company listed on the Toronto Stock Exchange that has been losing money trying to develop gold mines in South America for years....
- The Great Baupost Madoff Claim Trade That Made A Big Madoff Feeder Fund A Loser Again
Thanks to Matt for passing this along. In the summer of 2010, James Mooney, a partner at Baupost Group, the massive $24 billion Boston hedge fund run by investment legend Seth Klarman, sensed there was money to be made acquiring customer claims of Bernard...
- Fortune: Big Winner In Government's Jpmorgan Suit: A Hedge Fund
Found via Santangel’s Review. In a Wall Street vs. Wall Street fight, the NY AG Eric Schneiderman just gave hedgie Seth Klarman the upper hand. A hedge fund manager who made money betting against the housing bubble, and the terrible mortgage loans that...
- Seth Klarman: The Oracle Of Boston
HEDGE-FUND bosses rarely double as cult authors. But an out-of-print book by Seth Klarman, the boss of the Baupost Group, sells for as much as $2,499 on Amazon. A scanned version of “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful...
- Baupost's Klarman Sees Poor Outlook For Stocks
Update (Sept. 2010): A great transcript came out in the September/October Financial Analysts Journal: HERE....................Star hedge fund manager Seth Klarman sees few bargains in the current environment and predicted on Tuesday that the stock market...
Money and Finance
Baupost Co-Portfolio Manager Wagner to Start His Own Firm
Herb Wagner, the Baupost Group LLC executive appointed as Seth Klarman’s co-portfolio manager two years ago, will leave the firm at the end of 2012 to start his own investment company, according to a letter sent to the hedge fund’s clients yesterday.
Wagner, who has worked at Baupost for 13 years, plans to manage his own wealth initially and eventually take in money from outsiders, according to the letter, portions of which were obtained by Bloomberg News.
- Seth Klarman's Baupost Hedge Fund Loses More Than $150 Million On Gold Miners
In October, Marcel “Mac” DeGuire became president and chief operating officer of Guyana Goldfields, an exploration-stage company listed on the Toronto Stock Exchange that has been losing money trying to develop gold mines in South America for years....
- The Great Baupost Madoff Claim Trade That Made A Big Madoff Feeder Fund A Loser Again
Thanks to Matt for passing this along. In the summer of 2010, James Mooney, a partner at Baupost Group, the massive $24 billion Boston hedge fund run by investment legend Seth Klarman, sensed there was money to be made acquiring customer claims of Bernard...
- Fortune: Big Winner In Government's Jpmorgan Suit: A Hedge Fund
Found via Santangel’s Review. In a Wall Street vs. Wall Street fight, the NY AG Eric Schneiderman just gave hedgie Seth Klarman the upper hand. A hedge fund manager who made money betting against the housing bubble, and the terrible mortgage loans that...
- Seth Klarman: The Oracle Of Boston
HEDGE-FUND bosses rarely double as cult authors. But an out-of-print book by Seth Klarman, the boss of the Baupost Group, sells for as much as $2,499 on Amazon. A scanned version of “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful...
- Baupost's Klarman Sees Poor Outlook For Stocks
Update (Sept. 2010): A great transcript came out in the September/October Financial Analysts Journal: HERE....................Star hedge fund manager Seth Klarman sees few bargains in the current environment and predicted on Tuesday that the stock market...