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BAUPOST: We've started buying distressed debt

Although the equity markets garnered most of our attention throughout the year, the credit markets …

Julia La Roche   


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2 mins read

BAUPOST'S KLARMAN WARNS: 'The world has tilted off its axis, and we believe owners of capital should be increasingly worried'

He added: "From Charlottesville to Poland, neo-Nazis, while still limited in number, are resurgent.…

Rachael Levy   


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Bradley Saacks   


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2 mins read

Bradley Saacks   


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A billionaire investor dubbed 'the next Warren Buffett' tore into WeWork in a private letter to clients

At risk of not raising enough money to unlock critical bank financing, WeWork shelved its IPO and N…

Theron Mohamed   


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A hedge-fund billionaire who invests like Warren Buffett is hoarding cash and warning the bull market won't last

Cash made up 31% of Baupost's portfolio at the end of December, Klarman said. Buffett has taken a s…

Theron Mohamed   


Christopher Competiello   


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1 min read

Investing icon Peter Lynch says pressure on stocks has thrown up bargains - while hedge-fund legend Seth Klarman warns the market looks 'scary'

Peter Lynch loves the plethora of cheap stocks available today, whereas Seth Klarman sees a raft of…

Theron Mohamed   


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Legendary investor Seth Klarman outlines the key traits needed to become a successful investor

"As an investor, I've learned to try to be focused on things that actually are going to move the ne…

Matthew Fox   


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1 min read

Big-name investors are looking to buy FTX customers' claims in a risky bet that they'll get paid in bankruptcy proceedings, report says

Big players in distressed investing are eyeing FTX customers whose assets are still stuck in limbo …

Phil Rosen   


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Billionaire investor Seth Klarman warns the 'everything bubble' might still burst - and more banking disasters may be coming

Seth Klarman called out the meme-stock and crypto crazes during the pandemic, warned more banks may…

Theron Mohamed   


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2 mins read

Should FTX users be viewed as creditors or asset owners? The answer could mean the difference between recovering funds or getting short-changed.

Clients with $1.6 billion stuck on FTX want those funds to be considered "custody" assets to obtain…

Brian Evans   


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2 mins read

'Moneyball' manager Billy Beane says Warren Buffett's investing lessons apply to baseball too - and Seth Klarman agrees

Beane and Buffett both excel at analyzing prospects, determining their future value, and backing th…

Theron Mohamed   


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4 mins read

The billionaires' beef at Two Sigma seems pretty petty

It turns out the issues between Two Sigma's David Siegel and John Overdeck have been brewing for a …

Dan DeFrancesco   


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9 mins read

Wall Street's years of work-from-home partying in the Hamptons are finally over

I went to the Wall Street's favorite summer spot to see how the banking class is faring — and the m…

Linette Lopez   


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4 mins read

Goldman Sachs' humbling U-turn on its consumer banking ambitions

Goldman Sachs is scaling back its consumer business as it announces an overhaul of the firm's busin…

Jeffrey Cane   


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2 mins read

Klarman pumps SPACs - Citi's $500 mln blunder - Goldman launches DIY investing

The top finance stories for February 17, including the latest news on Seth Klarman's big bets on SP…

Dan DeFrancesco   


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Hedge funds have billions on the line at PG&E's bankruptcy hearing - and equity-holder Seth Klarman is pitted against bond-holder Paul Singer

The California utility that was found partially responsible for some of the state's recent massive …

Bradley Saacks   


Bradley Saacks