Sunday, May 30, 2010

Seth Klarman, president of Baupost Group, is very cautious in interview w/ WSJ $SPY

Seth Klarman, president of Baupost Group, is very cautious in interview w/ WSJ - Klarman, manager
of more than $22B in assets, he is more worried about the outlook now than at any time in his career. He
recommends buying out of favor assets, which means waiting for sentiment on European equities to become
even more negative. Klarman said he is buying deep out of the money puts on bonds to protect against tail
risk. WSJ

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