Baupost’s Klarman proud of fund’s ‘high single digit’ return last year even though it trailed market

Seth Klarman, one of the most respected value investing hedge fund managers in the industry, told his investors he is satisfied with the fund’s market-lagging 2016 performance.”Fortunately, Baupost was able to find pockets of opportunity in both periods...

Exclusive: Goldman Sachs hedge fund folding London operations, shifting staff to U.S. – sources

NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc’s hedge fund Goldman Sachs Investment Partners (GSIP), which was one of the largest-ever hedge fund launches in history, is closing its London operations and shifting staff members to New York, four...

Accused fraudster Martin Shkreli involved in new company seeking $1 million in debt offering

Brother, can you spare $1 million — for Martin Shkreli? A regulatory filing reveals that the notorious pharma bro and accused securities fraudster Shkreli is an executive officer and director of a new tech company that is trying to raise $1 million through a...