The Baupost Group, L.L.C. (Boston)

The Baupost Group, L.L.C. is a large advisory firm based in Boston. It manages $30.75 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts.

The Baupost Group, L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Baupost Group, L.L.C: assets under management

The assets under management (AUM) of The Baupost Group, L.L.C. is $30.75 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $30.75 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.8 billion each.

The Baupost Group, L.L.C has custody of $30.75 billion in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Baupost Group, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Baupost Group, L.L.C serves?

The only and largest group of clients of The Baupost Group, L.L.C is pooled investment vehicles with 11 clients and $30.75 billion of assets under management. Among the 8 most similar advisory firms, The Baupost Group, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $30.75 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

The Baupost Group, L.L.C also advises several private funds. Namely, eleven hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at The Baupost Group, L.L.C.

The company employs 253 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Boston

The principal office where The Baupost Group, L.L.C. performs its advisory services is located at 10 St. James Ave. Suite 1700, Boston, MA 02116, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (617) 210-8300 or by fax (617) 451-7333. The normal business hours are 8am - 5:30pm on Monday - Friday. You can find more information about the New York firm at baupost.com.

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