Seth Klarman’s Best Is About Half As Good As The S&P500

The Baupost Group gained about 15% last year, even as it returned $4 billion to investors and kept 40% of its cash on the sidelines because there were simply no opportunities at all to make money in 2013.

Baupost Group, Boston’s largest hedge fund firm, with $26 billion under management, had investment returns averaging 15 percent in 2013, its best year since 2009, according to Institutional Investor’s Alpha report….

The firm kept a lot of its money in cash last year—about 40 percent, according to the trade publication, even as the stock market surged.

Hub hedge fund Baupost Group had its best year since 2009 [Boston Globe]

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Comments (6)

  1. Posted by Guest | February 7, 2014 at 3:25 PM

    Is that Liz Klarman's husband?

  2. Posted by R Sherman | February 7, 2014 at 3:25 PM

    Don't you open your mouth about the BEST Shazzar! Or I'ma shut it for you REAL QUICK!

  3. Posted by Half Full | February 7, 2014 at 3:27 PM

    If that was a bear fund, it would be a good return.

  4. Posted by seth | February 7, 2014 at 4:06 PM

    heh heh

    Bear, bull , this is a 2 and 20 play.

    marketing gig

  5. Posted by Guest | February 7, 2014 at 4:31 PM

    40% cash on sidelines? Margin of safety indeed mah man.

  6. Posted by G. Patton | February 8, 2014 at 8:23 AM

    You magnificent bastard, I read your book!