Baupost Takes on Regulatory Risk with Rumored Quarry Bet

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Published on Monday, 02 January 2012 15:31

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... rumored stake taken by Seth Klarman’s Baupost Group in Canadian quarry outfit, The Highland Companies, flouts the rule, exposing Baupost investors to an uncommon degree of risk.  Baupost-worthy profits hinge on the setback-free development of a “mega-quarry” north of Toronto—one so early-stage that more questions than answers hamper prediction of its success.