Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Baupost Group reports positive Q3 returns, co-portfolio manager to start family office

Tuesday, October 30, 2012

amb
Herb Wagner
Bailey McCann, Opalesque New York:

Herb Wagner, Co-Portfolio Manager at Boston-based hedge fund Baupost Group has announced he will be leaving to start his own family office and will remain a client of the firm. In a webcast for client scheduled tomorrow, Wagner and firm principal Seth Klarman will take questions about the transition, this will be followed by the regular portfolio overview typically conducted on these calls. Jim Mooney another executive at Baupost is being promoted within the firm. Mooney has been with the firm since 2000 and will become head of Baupost's Public Investment Group.

Mooney is currently a member of the management committee in Boston and is also the head of the firm's London office. Klarman said in a letter sent to clients that he doesn't anticipate finding a replacement for Wagner in the near future. All investment decisions were made together by the team over Wagner's tenure and Klarman indicated that he didn't expect the departure to have a lasting effect on the investments Baupost is currently pursuing. "My intense focus on the portfolio has remained constant since the firm was founded, and will remain so in the future," he wrote.

As participants in our recent Opalesque Connecticut Roundtable noted, more and more successful hedge fund managers and executives are moving on to start their own family offices, investing i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass