What's in a name? Baupost Group

Teaching, it has been said, provides its own reward. For a group of professors at the Harvard Business School, having Seth Klarman – founder of Boston-based hedge fund firm Baupost Group – as a pupil proved to be a little more than that.
Baltimore-raised Klarman impressed his professors at Harvard Business School to such an extent that a group of them pooled their money to help him form his firm, the founder using the first letters of said seed investors’ last names as the basis for the endeavour’s name – Baruch, Auerbach, Poorvu and Stevenson.
Klarman has proved he warranted his professors’ faith by returning 19% annually since the fund launched in May 1982. Baupost, among the world’s 20 biggest hedge fund managers, is now thought to oversee AuM of around $24bn.
The successful hedge fund manager wrote a book in 1991 called Margin of Safety, that outlines his investing philosophy. The out-of-print book now sells on Amazon for upwards of $800. One suspects Baruch, Auerbach, Poorvu and Stevenson have their own copies already. No doubt signed by, surely, their most rewarding investment to date.