Atticus Funds Down Double-Digits, Redemptions Limited

Sep 2 2008 | 1:27pm ET

The financial services sector has done anything but pay off for Atticus Capital.

The New York-based hedge fund has seen 30% of its assets disappear as financials have plunged around the world. It’s Atticus European fund is down 32.9% through the end of August, while its Atticus Global fund has lost about 25%, Dow Jones Newswires reports.

The losses leave the activist giant with just $14 billion in assets under management, down from $20 billion last summer.

Still, investors seem to be sticking by the firm. According to Dow Jones, the firm has received only a limited number of redemption requests.


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