Other than announcing his dislike for Ben Bernanke’s QEIII policy, Seth Klarman also shares the changes in Baupost Group’s management team in the latest investor letter. We broke the news yesterday that Herb Wagner, the co-portfolio manager at Baupost was leaving the firm to work on his own investment firm. Herb Wagner’s exit from Baupost Group will take place by the end of this year. We were the first media outlet to report the news. We stated on twitter, early yesterday:
Herb Wagner co-pm at #Baupost leaving to start his own firm (sources)
— ValueWalk.com (@valuewalk) October 23, 2012
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