Atticus Capital announced today it will return $3 billion to investors from two funds, including its flagship hedge fund, the Atticus Global Fund. The fund has not performed well over the last couple years. The Atticus Global Fund was down 25% in 2008 and 9% in 2009 YTD.
As recently as 2007, Atticus Capital had $3.7 billion in assets under management (AUM).
According to Atticus founder, Timothy Barakett, the move was for personal reasons and not in response to investor redemptions.
The $1.2 billion dollar Atticus European Fund will remain open.
Atticus Capital typically employs a merger arbitrage and risk arbitrage, as well as event driven strategies and was founded in 1995 by Timothy Barakett at the age of 29. Atticus is based in New York with an additional office in London.
Contact info for Atticus Capital:
Atticus Capital
767 5th Avenue
New York, NY 10153
Phone: 212-256-8000
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