Atticus Capital, the activist hedge fund group co-chaired by banking dynasty scion Nathaniel Rothschild, is closing its flagship $3.5bn fund and group founder Timothy Barakett is stepping down as manager of the fund. Barakett told investors in a letter on Tuesday he was liquidating a “significant amount” of the fund’s holdings and would return 95% of their capital back by early October. Read Barakett’s letter here.

This entry was posted by Gwen Robinson on Wednesday, August 12th, 2009 at 4:57 and is filed under Capital markets, Hedge funds, People. Tagged with atticus. Edit this entry.