Atticus Capital is down but not out.

The firm, which has seen its largest hedge funds fall by double-digits this year, has denied market rumors that it is collapsing.

“We’re certainly not liquidating,” founder Timothy Barakett told The Wall Street Journal. “In fact, we have a large net cash position and are looking for opportunities to invest capital.”

The New York-based firm’s assets under management have fallen by 30% since the beginning of the year to $14 billion, as its two main hedge funds, Atticus European and Atticus Global, lost 32.9% and 25% through August, respectively. The firm has posted more limited losses in the early going this month, and Barakett says that it has received redemption requests for less than 10% of its capital.

“There are no funds that we are even considering closing down,” he said. “Our flagship fund, Atticus Global, has had redemptions of about 3% of capital.”