Klarman Tells Investors That COFINA Recovery Is Essential For Puerto Rico Success – ValueWalk Premium
Volatility

Klarman Tells Investors That COFINA Recovery Is Essential For Puerto Rico Success

At the beginning of October, it was reported that Seth Klarman's hedge fund Baupost, had acquired just under $1 billion of Puerto Rican debt (COFINA bonds -- municipal bonds issued by an entity created by the Commonwealth of Puerto Rico in 2006 to securitize future sales tax receipts), a revelation that attracted some interesting responses, which prompted a discussion of the topic in the recent Baupost Q3 Letter, unusual for the secretive hedge fund (in our opinion).

    SORRY!

    This content is exclusively for paying members.

    If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds. 📈

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

Sign up now. 👇

CLICK HERE TO TRY IT OUT

 

0