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...