Bloomberg – Baupost Group LLC, a $24 billion Boston-based hedge fund run by Seth Klarman, will open its first overseas office in London, two people with knowledge of the plans said.
Jim Mooney, a managing director at Baupost, will oversee the operation to tap investments mainly in commercial real estate, structured products, corporate and distressed debt, said one of the people, who declined to be identified because the move hasn’t been made public.
