Seth Klarman Books Huge Profits On PG&E Insurance ClaimsRupert Hargreaves
Seth Klarman's Baupost has built its reputation on buying assets cheaply. The firm has also gained a reputation for buying esoteric debt and assets at cents on the dollar, taking on trades other firms cannot follow or copy.
Klarman's decision to acquire the debt of bankrupt investment bank Lehman Brothers was one of his most well-known esoteric trades.
After the bank declared bankruptcy, the bonds' price . . .
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