Hedge fund, Baupost Group, is planning to start a new office in London in 2011, Bloomberg reports. The new operation will focus on investments in commercial real estate, structured products, corporate and debt that trades at distressed levels. Several external hires are expected to be made to build the new team, which will be headed by Baupost’s managing director, Jim Mooney. The $24 billion Boston-based fund is managed by Seth Klarman.
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