Atticus Spinoff Attara To Close Doors

Feb 28 2012 | 11:31am ET

Atticus Capital spinoff Attara Capital is reportedly closing its doors due to difficulty raising assets and an inability to gain traction in the current economic climate.

A source familiar with the hedge fund shop told FINalternatives that Attara, founded by David Mark Slager and Nathaniel Rothschild, would wind down operations in April.

Attara rose from the ashes of Timothy Barakett’s Atticus Capital in 2009. Atticus, begun in 1996 with $6 million, peaked at $20 billion AUM in late 2007. In 2009, Barakett announced he would return outside capital to investors and wind down the Atticus Global and Atticus Trading funds. According to the Wall Street Journal, Barakett returned about $3 billion to investors.

Slager, a partner at Atticus and sole portfolio manager of the $1.2 billion Atticus European Fund, co-founded Attara Capital with former Atticus co-owner, Nathaniel Rothschild to manage the Atticus European Fund which they renamed the Attara Fund.

The news follows the closure earlier this month of Atwater Capital, founded two years ago by Atticus Capital vets Lee Pollock and Kris Green.

Attara did not return calls for comment.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...