Baupost Group has dismissed nearly one-fifth of its investing staff in what is being described as the largest staff cut to date for the firm. The reduction amounts to approximately 20% of the investing team, signaling a significant shift within the company. This move is being referred to as a 'record cull.'
Baupost Group reduces 20% of investing team in largest staff cut to date.
Baupost Cuts Almost a Fifth of Investing Staff in Record Cull https://t.co/DDuIRFL6K3
You’re laughing? Baupost just fired 20% of their investing staff? and you’re laughing? https://t.co/GzlKw2W4Gv
*BAUPOST DISMISSES ALMOST A FIFTH OF ITS INVESTING STAFF value investing is officially dead
BAUPOST HAS DISMISSED NEARLY ONE-FIFTH OF ITS INVESTING STAFF.