Seth Klarman’s Boston-based hedge fund Baupost ended 2019 on a high note.
According to a copy of the hedge fund’s fourth quarter and full-year 2019 letter to investors, which has been reviewed by ValueWalk, the Baupost partnerships posted high single-digit gains for 2019.
Also see Klarman’s thoughts from the letter on
However, despite this positive performance, Klarman and his team still underperform the market in 2019. For the year, the S&P 500 returned 31.5% thanks, in part, to the performance of high growth tech stocks such as Amazon, Apple, and Microsoft.