Gregory Ciongoli, a partner in the public investment group at The Baupost Group, has left the $23bn value-oriented, multi-strategy hedge fund firm, which is headed by Chef Executive Officer and Portfolio Manager Seth Klarman, according to a report by Pensions & Investments Online.
The report cites a company spokesperson as confirming the departure of Ciongoli, who joined the firm in 2007, and that the business has no plans to replace him.
Ciongoli has reportedly left Baupost to pursue an 'entrepreneurial venture' which, according to his LinkedIn profile, is Audiumentum Capital Management where he is Managing Partner, although no details are known about the business at this time.
From traditional asset manager to digital asset heavyweight
Fabio Frontini says the manager's $4bn+ platform, built on 16 years of institutional risk management, gives it a rare edge as pension funds…
More
Harvard endowment’s 27.1% annual return driven by hedge fund returns
Hedge funds were among the key contributors to Harvard University's 27.1% endowment return in the year to 30 June 2026, alongside gains in…
More
Hedge fund tax strategies fuel surge in US margin lending
Growing demand for tax-efficient long-short investment strategies offered by hedge fund managers including AQR and Quantinno has…
More
