Forbes – Investor Timothy Barakett on Tuesday said Atticus Capital, which suffered some of the hedge fund industry’s steepest losses last year, is closing two of its three funds and will return $3 billion to shareholders.

The Atticus founder and chief executive told investors in a letter that he is closing down his flagship fund, Atticus Global, and the $600 million Atticus Trading fund ‘solely’ for personal reasons.

Read Complete Article

Tags: atticus, chief-executive, hedge fund, investor, investors, losses, personal-reasons, shareholders, timothy barakett

Bloomberg – Atticus Capital LP, the New York- based hedge-fund firm run by Timothy Barakett, reversed course in the second quarter, investing more than $3.5 billion in U.S.- listed stocks as equity markets recovered.

Atticus bought $355 million in shares of Charlotte, North Carolina-based Bank of America Corp., a new position, according to a filing yesterday with the U.S. Securities and Exchange Commission. The fund’s holdings in U.S. stocks rose to $3.71 billion as of June 30 from $118 million on March 31.

Read Complete Article

Tags: atticus capital lp, bank of america, bank of america corp, bloomberg, charlotte north carolina, hedge fund, new-position, second-quarter, securities-and-exchange, securities-and-exchange-commission, stocks, timothy barakett