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Stephen Taub
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Seth Klarman's Baupost May Return Some Capital to Investors
The head of the Boston-based investment firm says that unless investment opportunities pick up significanly, the firm will return some investor cash by the end of the year.
Stephen Taub December 17, 2025

The Baupost Group, the Boston-based investment firm headed by noted value investor Seth Klarman, will probably return some capital to investors at year-end, according to a quarterly letter to clients obtained by Institutional Investor’s Alpha. Klarman says that unless investment opportunities dramatically increase by later

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