Hedge Funds Continue To Profit Off Crisis Bets

Rupert Hargreaves

Published onJuly 29, 2016

Updated on May 14, 2021

At ValueWalk we’ve reported several times in the past on Baupost’s sizable position in the distressed debt of Lehman Brothers. In 2013 the Lehman positions accounted for a massive 23% of the fund’s net asset value.

So far, the Lehman positions have produced a sizable return for Baupost, which is run by the well-respected value investor Seth Klarman. In Baupost’s fourth quarter 2013 letter to clients, partner Jim Mooney wrote:

[klarman]

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Hedge Funds Continue To Profit Off Crisis Bets

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