(Business Insider) The Baupost Group, the $27 billion hedge fund led by value investor Seth Klarman, has been buying distressed debt, or the bonds of companies that are in or near bankruptcy.In an investor update, Jim Mooney, the head of the Baupost’s public investments group, said the credit market has become a “key area of focus” for the fund.
BAUPOST: We’ve started buying distressed debt
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