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.
