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Seth Klarman added significantly to his SPAC portfolio in the fourth quarter.
The billionaire founder of Baupost Group pumped hundreds of millions into blank-check companies.
Klarman has now invested in SPACs run by Dan Och, Dragoneer CEO Marc Stad, and more.
Legendary value investor Seth Klarman has found a new favorite bet: SPACs.
The Boston-based billionaire pumped $195 million into a half-dozen special-purpose acquisition companies in the fourth quarter, a new regulatory filing shows. Baupost Group, the more-than-$30-billion hedge fund run by Klarman, put money in SPACs run by hedge-fund billionaire Dan Och, Dragoneer CEO Marc Stad, and Egyptian billionaire Nassef Sawiris, among others.