According to Atticus Capital’s Tim Barakett’s letter to investors regarding the closing of the funds that he manages (Atticus Global, Ltd. and Atticus Global, LP):
My decision is solely a personal one. After fifteen years of being singularly focused on building and managing Atticus, I believe it is time to reassess my future. I intend to spend more time with my family, pursue my philanthropic interests and establish a family office to manage my own capital and charitable foundation.
Here’s our translation: I had a crappy 2008 and what with that pesky high water mark where I’d have to work for free, I’m packing it in so that I can spend more time with my family, yadda, yadda. Read the rest of this entry »
Tags: 13F Chart Study, Atticus Capital, Hedge funds, high water marks, liquidations, Tim Barakett
