Baupost Group, the hedge fund managed by renowned value investor Seth Klarman, saw the value of its funds under management decline by a mid-single digit percentage during the nine months to the end of September, according to the fund's third quarter letter to partners dated October 15th, reviewed by ValueWalk.
- Also see - Baupost Is Said To Decline 3.8% In September On Energy, Biotech by Sabrina Willmer, Bloomberg
However, during the first five days of October the fund erased 75% of these YTD losses, and Seth Klarman expects the market to throw up more opportunities for value investors to take advantage of in the near future.
[klarman]
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