Baupost Group To Get Substantially Richer With Lehman

Baupost Group was looking forward to major liquidations from Lehman Brothers in the second half of this year, according to a Q2 investor letter, sections of which were reviewed by ValueWalk. The hedge fund was up in the second quarter across all major assets, including real estate holdings. Payments from Lehman debt pouring in The hedge fund, founded by Seth Klarman, has already expanded its asset base from payments of Lehman debt obligations and was expecting much more to roll in during the third and fourth quarter. Baupost’s head of public investments, Jim Mooney, noted in the Q2 letter that some…