Monday, 22 September 2014
Last updated 5 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.