Hedge Fund Baupost Has a Complex $1 Billion Bet on PG&E
Seth Klarman, chief executive officer of The Baupost Group LLC, stands for a photograph after an interview in New York, U.S. (Photographer: Jeenah Moon/Bloomberg)

Hedge Fund Baupost Has a Complex $1 Billion Bet on PG&E

(Bloomberg) -- Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankrupt...
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