Tuesday, 25 October 2016
Last updated 6 hours ago
Mar 15 2010 | 1:59pm ET
Dilan Siritunga, the long-time right-hand man of Atticus Capital founder Timothy Barakett, plans to found his own hedge fund.
Siritunga has left New York-based Atticus and will go into business for himself, Reuters reports. His new firm remains unnamed, but Siritunga is continuing to work from the same Manhattan office building where Atticus is based.
It is a much-reduced Atticus: In August, Barakett stepped down from day-to-day management, shuttering its flagship hedge fund and another fund, which managed a combined $4.1 billion. The once-$20 billion firm now manages less than $2 billion.
Since Barakett’s decision, a slew of fund managers have left Atticus to found their own firms. Barakett has seeded some of them, and will invest in Siritunga’s debut offering, according to Reuters.