Baupost Group Boosts Credit Portfolio In Europe

We earlier reported updates from Baupost Group’s second quarter letter, in which Baupost Group’s head of public investments, Jim Mooney, did not sound overly optimistic about Europe and the ongoing recovery in the region. However, the hedge fund has found several opportunities in the European credit space. Back in 2011, Baupost opened its London office, to tap the European distressed debt market as banks in the region deleveraged. Baupost Group building up its credit portfolio in Europe Baupost protected its portfolio from interest rate volatility which spiked towards the latter part of the second quarter by establishing hedges in rates. Other…