Baupost Group

The Baupost Group
Company typeLimited liability (LLC)
IndustryHedge fund
Founded1982 (1982)
Founders
HeadquartersBoston, U.S.
Key people
  • Seth Klarman (president)
  • Jim Mooney (managing director)
ProductsHedge funds
AUMUS$25 billion (2022)[1]
Total equityUS$ 1.8 billion
(2020)[2]
Number of employees
61 (2020)[2]
Websitewww.baupost.com

The Baupost Group is a hedge fund[3] founded in 1982 by William Poorvu and partners Howard Stevenson, Jordan Baruch and Isaac Auerbach. Seth Klarman, who was asked by Poorvu to help run the fund, remains at its head today.[4] Baupost Group's investment philosophy emphasizes risk management and is long-only.[5][6] The firm, one of the largest hedge funds in the world, is a value investing manager.[7][8] According to Bloomberg L.P., Baupost is ranked 4th in net gains since inception.[9]

  1. ^ Wigglesworth, Robin (23 January 2023). "RIP the cult of the Tiger cub". Financial Times.
  2. ^ a b "The Baupost Group Review". The Baupost Group Review. March 18, 2021. Retrieved 7 April 2020.
  3. ^ John Longo (20 March 2009). Hedge Fund Alpha: A Framework For Generating And Understanding Investment Performance. World Scientific. p. 294. ISBN 978-981-4469-92-0. ...long-only hedge fund shop, Baupost Group...
  4. ^ Bruce C. N. Greenwald; Judd Kahn; Paul D. Sonkin; Michael van Biema (12 January 2004). Value Investing: From Graham to Buffett and Beyond. John Wiley and Sons. pp. 231–. ISBN 978-0-471-46339-9. Retrieved 30 July 2011.
  5. ^ Frank K. Martin (24 May 2011). A Decade of Delusions: From Speculative Contagion to the Great Recession. John Wiley and Sons. pp. 181–. ISBN 978-1-118-07816-7. Retrieved 30 July 2011.
  6. ^ Roger Lowenstein; Long-term Capital Management (Firm) (12 September 2000). When genius failed: the rise and fall of Long-Term Capital Management. Random House. pp. 97–. ISBN 978-0-375-50317-7.
  7. ^ Zweig, Jason (22 May 2010). "Legendary Investor Is More Worried Than Ever". The Wall Street Journal.
  8. ^ "2013 – Baupost Group To Get Substantially Richer With Lehman". ValueWalk. Archived from the original on 2013-11-04.
  9. ^ "Dalio Earned Clients $13.8 Billion to Lead Hedge Funds as Paulson Slumped". Bloomberg.com. Bloomberg. 29 February 2012.

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