Baupost Group LLC (Boston)


Baupost Group LLC is a large advisory firm based in Boston. It manages $23.75 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Massachusetts and Texas.

Baupost Group 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.

Baupost Group: assets under management

The assets under management (AUM) of Baupost Group LLC is $23.75 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 894% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $23.75 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.98 billion each.
Baupost Group has custody of $23.75 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Baupost Group LLC 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.

Careers at Baupost Group LLC

Seth Andrew Klarman has been acting as President since 1 Jan 1998. George Nmn Rizk joined the executive team most recently as the Managing Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Seth Andrew Klarman President 1 Jan 1998 50% - 75% 866149
Paul Christopher Gannon Chief financial officer 1 Jan 1998 Other 4375953
Thomas William Blumenthal Managing director 1 Jan 1998 Other 1059137
Scott Andrew Nathan Managing director 1 Jan 1998 Other 4375957
Scott Arthur Stone Chief compliance officer 1 Jan 1998 Other 1434637
Samuel Plimpton Managing director 1 Jan 1998 Other 4375992
Inc The Baupost Group Member 1 Jan 1998 25% - 50% 04-2752581
William James Poorvu Member 1 Jan 1998 Other 4378545
Sak Corporation Member 1 Jan 1998 Other 04-3334541
Samuel Nmn Plimpton Managing director 1 Jan 1998 Other 4375992
George Daniel Prigmore Managing director 1 Jan 2001 Other 4375987
Herbert Schwind Wagner Managing director 1 Jan 2002 Other 4519282
Brian Lee Spector Managing director 1 May 2004 Other 4820515
Reuben Samuels Munger Managing director 1 May 2004 Other 2786398
Scott Arthur Stone General counsel/chief compliance officer 1 Jan 2005 Other 1434637
James Francis Mooney Managing director 1 Jan 2007 Other 2788019
Paul Christopher Gannon Managing director/chief operating officer 1 Jan 2011 Other 4375953
Elaine Frazer Mann Managing director/chief administrative officer 1 Jan 2011 Other 5894109
Barbara Rose O'connor Managing director/chief financial officer 1 Jan 2011 Other 5894117
Joshua Aron Solomon Greenhill Managing director 1 Jan 2011 Other 3079125
George Nmn Rizk Managing director 1 Mar 2011 Other 2524379

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Seth Andrew Klarman Shareholder 1 Apr 1984 50% - 75% 866149
Seth Andrew Klarman Shareholder 1 Oct 1996 75% - 100% 866149

Based in Boston

The principal office where Baupost Group LLC 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 9am - 5pm on Monday - Friday.