As public markets become “frothy,” with competition driving equity prices high and sovereign debt yields in once risky markets such as Greece to strange new lows – competing with the U.S. in terms of yield, Seth Klarman's Baupost Group, like fellow hedge fund icons John Paulson and David Einhorn, is now looking to private investments to uncover opportunity without significant public competition.
Baupost investing in Lehman Brothers after the crash
Baupost was successful at picking up good investments by picking through the bones of the

