Baupost Is Said to Decline 3.8% in September on Energy, Biotech
- Klarman hedge fund down 6.6% for the year through September
- Brian Spector, partner in public investment team, to leave
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You know it’s a bad year for value investors if Seth Klarman is losing money.
Klarman’s $27 billion Boston-based hedge fund declined about 3.8 percent in September, bringing its loss to about 6.6 percent for the year through the end of September, said a person with knowledge of the matter, who asked not to be named because the information is private. Baupost, which manages multiple partnerships that have varying returns, told investors in a letter that some holdings rebounded in October, said the person.