The Baupost Group LLC

The Baupost Group LLC

The Baupost Group LLC

Overview
Date Founded

1997

Type of Company

Private

Employees (Worldwide)

243

Industries

Hedge Funds
Investment Services & Portfolio Management

Company Description

The Baupost Group employs a value-oriented, multi-strategy investment approach that seeks to invest their capital to achieve attractive risk-adjusted returns over an extended period of time. The firm seek to invest in assets which are undervalued relative to their market price. The Baupost Group invest, either directly or indirectly, in securities and other assets that have some or all of the following characteristics: (1) they are currently out-of-favor, but have good prospects (2) they sell at a significant discount to underlying economic value (3) they have catalysts in place for the realization of underlying value (4) they are highly complex (5) they are somewhat or highly illiquid and (6) they sell at prices below what would reasonably be expected due to market imperfections and inefficiencies, including but not limited to temporary supply demand imbalances, information gaps, and selling pressures. They invest across a range of financial instruments, asset classes and geographic regions. Investments may include securities and assets of all types, including, but not limited to, stock (common, preferred and convertible), warrants, options, swaps, trade claims, bank debt, bonds, other debt instruments including self-originated loans, currency, futures, derivatives, commodities, contract rights, royalty interests, non-US securities and other assets (including in emerging markets), structured investment vehicles, secured and unsecured instruments, ABS, CMBS, RMBS, real estate and related instruments, other complex financial instruments and rights and distressed assets. Securities may be listed or traded on domestic or non-US exchanges or other trading networks (including OTC markets), as well as securities that are unlisted and trade infrequently or not at all.

Contact Data
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Executives & Employees

Co-Founder

Co-Founder

Partner & President

Partner & Chief Financial Officer

Chief Operating Officer

Partner & General Counsel

Chief Compliance Officer & Senior Regulatory Counsel

Partner

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The Baupost Group LLC
Recent Transactions
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Brookfield Business Partners, Westinghouse Electric Co. LLC /Private Group purchase Westinghouse Electric Company LLC from Toshiba Corp.

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Bakkavor Group Ltd. /Private Group purchases Bakkavor Holdings Ltd. from Bakkavör Group hf

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Ripplewood Advisors LLC, RA Citadele Holdings LLC purchase Citadele Banka AS from Latvian Privatisation Fund

Transaction Advisors
Legal Advisor

Advised onBakkavor Group Ltd. /Private Group purchases Bakkavor Holdings Ltd. from Bakkavör Group hf

Legal Advisor

Advised onAshtead Group Plc, Sunbelt Rentals, Inc. purchase NationsRent Cos., Inc. from The Baupost Group LLC

Investment Advisor

Advised onBrookfield Business Partners, Westinghouse Electric Co. LLC /Private Group purchase Westinghouse Electric Company LLC from Toshiba Corp.

Attorney

Advised onAshtead Group Plc, Sunbelt Rentals, Inc. purchase NationsRent Cos., Inc. from The Baupost Group LLC

Advisors & Consultants
Custodian

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Management, Investment Services, and Other. The Investment Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Other segment consists of leasing portfolio, corporate treasury, derivatives, and insurance services. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Prime Broker

Founded in 1969, Morgan Stanley & Co. LLC is an SEC-registered broker/dealer headquartered in New York City. The firm is the primary broker subsidiary of Morgan Stanley (NYSE: MS). They are a member of FINRA. Morgan Stanley & Co. provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.The firm's Sales & Trading division offers cash and electronic trading platforms where Morgan Stanley acts as principal (including as a market maker) and agent in executing transactions globally in equity and equity-related products. These products include equity swaps, options, warrants and futures overlying individual securities, indices and baskets of securities and other equity-related products. Morgan Stanley's Institutional Equity division is a global leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. Their Fixed Income team deals in a diverse range of products including interest rate and currency products, credit products, derivatives and commodities.

Prime Broker

Credit Suisse Securities (USA) LLC provides a variety of capital raising, market making, advisory and brokerage services for governments, financial institutions, high-net-worth individuals, and corporate clients and affiliates. It is also a primary dealer in U.S. government securities and an underwriter, placement agent, and dealer for money market instruments, commercial paper, mortgage and other assetbacked securities, as well as a range of debt, equity and other convertible securities of corporations and other issuers. The company was founded on January 3, 2003 and is headquartered in New York, NY.

Legal Advisor

Partner at Ropes & Gray LLP

Advisor

Partner at Ernst & Young LLP

Clients

Amherst College educates men and women of exceptional potential from all backgrounds so that they may seek, value, and advance knowledge, engage the world around them, and lead principled lives of consequence. Amherst brings together the most promising students, whatever their financial need, in order to promote diversity of experience and ideas within a purposefully small residential community. Working with faculty, staff, and administrators dedicated to intellectual freedom and the highest standards of instruction in the liberal arts, Amherst undergraduates assume substantial responsibility for undertaking inquiry and for shaping their education within and beyond the curriculum. Amherst College is committed to learning through close colloquy and to expanding the realm of knowledge through scholarly research and artistic creation at the highest level. Its graduates link learning with leadership—in service to the College, to their communities, and to the world beyond.

Clark University is a private research university and liberal arts college in Worcester, Massachusetts. Founded in 1887, it is the oldest educational institution founded as an all-graduate university. Clark now also educates undergraduates. Clark University was founded by American businessman Jonas Gilman Clark in 1887. He started the university with a million dollars, and later added another million dollars to the fund because he feared the university might someday face a lack of funds. It was opened on October 2, 1889 as the first all-graduate university in the United States

Non-Profit Donations & Grants
$100K - $500K
2017
$100K - $250K
2016
$5,000 - $10K
2016
Investments
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Atara Biotherapeutics, Inc. operates as a clinical stage company which focuses on developing novel therapeutics for serious unmet medical needs, with an initial focus on muscle wasting conditions and oncology. Its product candidates are biologics targeting myostatin and activin, members of the transforming growth factor-beta, protein superfamily, which play roles in the growth and maintenance of muscle and many other body tissues. The company was founded by Isaac E. Ciechanover on August 22, 2012 and is headquartered in South San Francisco, CA.

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NationsRent Cos., Inc., provides leasing, rental and selling services of industrial equipments. The company specializes in rentals and also sells new and used equipment with related merchandise, parts supplies and provides maintenance as well as repair services. It offers a line of equipment and related services to a broad range of construction, industrial and homeowner customers. NationsRent was founded in August 1997, and is headquartered in Fort Lauderdale, FL.

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Gossamer Bio, Inc. engages in discovering, acquiring, developing, and commercializing therapeutics in the disease areas of immunology, inflammation, and oncology. Its primary product candidate is GB001, which is intended for the treatment of moderate-to-severe eosinophilic asthma and other allergic conditions. The company was founded by Faheem Hasnain and Sheila Gujrathi in 2015 and is headquartered in San Diego, CA.

Investors
Details Hidden

Co-Founder at The Baupost Group LLC

Awards & Honors
Rank #5
2012
Hedge Fund Journal - 50 Largest US Managers
Sponsored by The Hedge Fund Journal
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