As Baupost Waits For Market Uncertainty To Take Its Toll, Klarman”Spinoff” Off To Strong Start

Actively managed hedge funds have a performance problem, fund manager Seth Klarman noted in a letter to investors first reported by Andrew Ross Sorkin in The New York Times. With hedge fund managers severely trailing major stock indexes from 2010 to 2015, Klarman looks to a flood of assets under management as causation for . . .

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