Saturday, 27 August 2016
Last updated 12 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.