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FRAUD AND PHISHING WARNING

Baupost has been made aware of fraudulent websites and social media accounts purporting to be Seth Klarman or purporting to represent The Baupost Group. The Baupost Group partnerships do not actively solicit or market to prospective investors on any social media or similar platforms, and are generally closed to new capital. We take these matters seriously, are investigating the reports and, where practicable, are taking steps to address them. In the case of fraudulent social media accounts, we suggest that you block and then report anyone alleging to be Seth Klarman or alleging to represent Baupost directly to the relevant social media platform.

Long-term, value-oriented investing on behalf of families, foundations, endowments, and other like-minded institutions