We saw the curtain drop on Walnut Place, aka Seth Klarman’s Baupost vs Bank of America Corp (NYSE:BAC), back in July. The hedge fund withdrew its challenge to the offer of a $8.5 billion settlement, and apparently decided to just take what it was offered. The last time, when Baupost decided to battle Bank of America Corp (NYSE:BAC) in court, it used the pseudonym of Walnut Place. This raised several confusions about the identity of the actual litigator behind the filing. It seems that Boston based Baupost Group has struck once again to regain its losses in mortagage backed securities.

Get The Full Seth Klarman Series in PDF

Get the entire 10-part series on Seth Klarman in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.


Please login to view the rest of this article - Not subscribed? Get our adfree exclusive content for only a few dollars a month.

It also helps us fund our operations so think of it as supporting quality journalism.