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.

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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



Name Entity Date acquired Ownership Employer ID
Seth Andrew Klarman President and chief executive officer 1 Jan 1998 25% - 50% 866149
Thomas William Blumenthal Partner 1 Jan 1998 Other 1059137
William James Poorvu Member 1 Jan 1998 Other 4378545
Sak Corporation Member 1 Jan 1998 Other 04-3334541
William J. Poorvu Revocable Trust Member 1 Jan 1998 Other xxx-xx-xxxx
Scott Andrew Nathan Partner and chief risk officer 1 Jan 1998 Other 4375957
Herbert Schwind Wagner Partner 1 Jan 2002 Other 4519282
Brian Lee Spector Partner 1 May 2004 Other 4820515
Scott Arthur Stone General counsel and chief compliance officer 1 Jan 2005 Other 1434637
James Francis Mooney Partner 1 Jan 2007 Other 2788019
Elaine Frazer Mann Partner and chief operating officer 1 Jan 2011 Other 5894109
Barbara Rose O'connor Partner and chief financial officer 1 Jan 2011 Other 5894117
Joshua Aron Solomon Greenhill Partner 1 Jan 2011 Other 3079125
Paul Christopher Gannon Partner and chief operating officer 1 Jan 2011 Other 4375953
George Nmn Rizk Partner 1 Mar 2011 Other 2524379
Herbert Schwind Wagner Member 1 Jan 2013 Other 4519282
Michael Frank Demichele Partner 1 Jan 2014 Other 2898434
Gregory Austin Ciongoli Partner 1 Jan 2014 Other 2926271
Frederick Harold Fogel Partner and general counsel 1 Jul 2015 Other 6028380
Robert Andrew Bralower Partner 1 Jan 2016 Other 4225333
James Francis Mooney Partner and president 1 Jan 2017 Other 2788019
Mark Andonis Tsocanos Partner 1 Jan 2017 Other 6748788
Scott Arthur Stone Chief compliance officer and senior regulatory counsel 1 Jan 2017 Other 1434637
Jack D Cohen Chief compliance officer and senior regulatory counsel 1 May 2017 Other 4141962
Seth Andrew Klarman Partner and chief executive officer 1 Dec 2017 Other 866149
Thomas William Blumenthal Partner 1 Dec 2017 Other 1059137
James Francis Mooney Partner and president 1 Dec 2017 Other 2788019
Elaine Frazer Mann Partner and chief operating officer 1 Dec 2017 Other 5894109
Barbara Rose O'connor Partner and chief financial officer 1 Dec 2017 Other 5894117
Joshua Aron Solomon Greenhill Partner 1 Dec 2017 Other 3079125
George Nmn Rizk Partner 1 Dec 2017 Other 2524379
Gregory Austin Ciongoli Partner 1 Dec 2017 Other 2926271
Frederick Harold Fogel Partner and general counsel 1 Dec 2017 Other 6028380
Robert Andrew Bralower Partner 1 Dec 2017 Other 4225333
Mark Andonis Tsocanos Partner 1 Dec 2017 Other 6748788
Jack D Cohen Chief compliance officer and senior regulatory counsel 1 Dec 2017 Other 4141962
L.P. Baupost Group Member 1 Jan 2018 75% - 100% 82-3774111
L.L.C. Baupost Group Gp Non-member manager 1 Jan 2018 Other 82-3254604
Barbara Rose O'connor Partner 1 Sep 2018 Other 5894117
Jason James Price Chief financial officer 1 Sep 2018 Other 7013444

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Seth Andrew Klarman Shareholder 1 Oct 1996 75% - 100% 866149
L.P. Baupost Group Holdings Limited partner 1 Jan 2018 75% - 100% 82-3267963
L.L.C. Baupost Group Gp2 General partner 1 Jan 2018 Other 82-3254604
Seth Andrew Klarman Managing member 1 Jan 2018 75% - 100% 866149
The Seth A. Klarman 1986 Trust Limited partner 1 Jan 2018 25% - 50% xxx-xx-xxxx

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.