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’Atticus to close flagship $3.5bn fund
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.
TCI bows out of D Börse struggle
A key chapter in shareholder activism ended at Deutsche Börse when The Children’s Investment Fund sold most of its stake, ending its efforts to influence strategy at the German exchange group. The hedge fund followed Atticus Capital,
Over the hedge and into government
Hedge funds haven’t had much luck getting their message across to the public or the government over the past few weeks, being labelled “bank robbers” by an archbishop, no less.
Their lobbying power at the heart of government has taken a turn for the better thanks to the latest reshuffle,
Deutsche Börse clash looms
Deutsche Börse could be heading for another confrontation with the two hedge funds that are the German group’s biggest shareholders after rejecting their ideas for reform. Proposals from The Children’s Investment Fund and Atticus Capital include Deutsche Börse merging its stock exchange with a rival and selling its clearing division or the whole company.
Atticus denies liquidation rumors
Speculation sweeping the market that large hedge fund Atticus Capital is liquidating its positions and closing down is not accurate, according to executives of the firm, reports the WSJ. Tim Barakett, founder of Atticus,
Activist funds pressure Deutsche Börse
Atticus Capital and The Children’s Investment Fund, the activist hedge funds that are the two biggest investors in Deutsche Börse, warned the stock exchange group to take urgent action to boost shareholder value,
That TCI/Atticus statement
Oddly, the wires have been relying on their German counterparts for the copy on this one. It seems that notwithstanding a couple of paper copies, the TCI/Atticus release wasn’t made available to the UK English-speaking press.
TCI/Atticus tie-up to shake-up at Deutsche Boerse, again
Here’s an odd, apparently content-free statement-of-the-crushingly-obvious:
RTRS – The Children’s Investment Fund Management and Atticus Capital have reached agreement to work together for the purposes of exploring all options for shareholder value creation at Deutsche Boerse.
Atticus hit hard by credit crunch
Atticus Capital, one of New York’s most powerful hedge funds, has lost more than $5bn this year, denting its record as one of the world’s top performing money managers. The firm’s two flagship funds fell by a quarter and almost a third by end-August,
A ‘bloody awful time’ for event-driven hedge funds
Hedge funds aiming to profit from activism and corporate events have been hit hard this month as a raft of deals fell through and markets plummeted, writes the FT’s hedge fund correspondent, James Mackintosh.
Atticus puts heat on D Börse over capital return
The largest shareholder in Deutsche Börse Thursday called on its management to carry out a long-planned restructuring that could allow as much as a fifth of its capital value to be returned to shareholders.
Hedge funds boost performance
Hedge funds sharply improved their performance last year as convertible bonds specialists recovered from a slump and corporate activism and emerging markets produced strong returns. Several of the world’s biggest hedge funds returned more than 30 per cent in the year,
Atticus stake in Deutsche Börse nears 9 per cent
Atticus, the US hedge fund that has been one of the most vocal opponents of Deutsche Börse’s takeover attempts, has seen its stake in the German stock exchange operator rise to nearly 9 per cent, following a recalculation of its various holdings in the group.