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....
- Seth Klarman Goes Nuts On The Fed In His Latest Investor Letter
Update: There are more excerpts HERE. ----- Thanks to Will for passing this along. I haven’t seen a copy of the whole letter, but there is a very short excerpt in this article. Seth Klarman, the legendary head of Boston based hedge fund Baupost Group,...
- 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....
- Bofa Lawyer Says Settlement Challenger Is Baupost
(Reuters) - Walnut Place, a group of undisclosed investors who oppose Bank of America Corp's (BAC.N) $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank. "Walnut Place is actually...
- 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
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 came with it, is cashing in on the prosecutions as well.
Seth Klarman, the reclusive Boston hedge fund manager, could be the big winner in the recently filed New York Attorney General's lawsuit against JPMorgan Chase (JPM).
Klarman's Baupost Group is acting as the lead plaintiff in a private case against EMC, the former Bear Stearns mortgage unit that is also the focus of NY AG Eric Schneiderman's case against JPMorgan. And if things go Klarman's way, Baupost alone could end up collecting about $310 million from JPMorgan, with a big assist from the government.
- 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....
- Seth Klarman Goes Nuts On The Fed In His Latest Investor Letter
Update: There are more excerpts HERE. ----- Thanks to Will for passing this along. I haven’t seen a copy of the whole letter, but there is a very short excerpt in this article. Seth Klarman, the legendary head of Boston based hedge fund Baupost Group,...
- 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....
- Bofa Lawyer Says Settlement Challenger Is Baupost
(Reuters) - Walnut Place, a group of undisclosed investors who oppose Bank of America Corp's (BAC.N) $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank. "Walnut Place is actually...
- 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...