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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...