Thursday, 28 May 2015
Last updated 3 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…