{"id":10605,"date":"2009-05-18T00:00:00","date_gmt":"2009-05-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"barakett-sold-most-of-funds-us-stocks-as-markets-declined","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/barakett-sold-most-of-funds-us-stocks-as-markets-declined.html","title":{"rendered":"Barakett sold most of fund&#8217;s U.S. stocks as markets declined"},"content":{"rendered":"<p>Tehran Times &#8211; Atticus Capital LP sold 23 of the 25 U.S.-listed stocks it owned in the first quarter as the New York-based hedge-fund firm run by Timothy Barakett put more money into cash while equity markets fell.<\/p>\n<p>Atticus sold 1.69 million shares of Potash Corp. of Saskatchewan, according to a filing with the U.S. Securities and Exchange Commission. Saskatoon, Saskatchewan-based Potash, the world&rsquo;s largest producer of its namesake fertilizer, had been the firm&rsquo;s top U.S. holding.<\/p>\n<p>Barakett, whose firm oversees about $6 billion in assets, also sold all of his 5.31 million shares of Microsoft Corp. The world&rsquo;s largest software maker, based in Redmond, Washington, had been the firm&rsquo;s second-largest U.S. position. <a href=\"..\/news\/news_land.php?i=http:\/\/www.tehrantimes.com\/index_View.asp?code=194853\" target=\"_blank\"><\/a><\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/www.tehrantimes.com\/index_View.asp?code=194853\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n<p><a href=\"..\/news\/news_land.php?i=http:\/\/www.tehrantimes.com\/index_View.asp?code=194853\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tehran Times &#8211; Atticus Capital LP sold 23 of the 25 U.S.-listed stocks it owned in the first quarter as the New York-based hedge-fund firm run by Timothy Barakett put more money into cash while equity markets fell. Atticus sold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11790,4439,11786,11793,4589,11148,11791,5359,155,48,11792,7700,11789,11787,35,21,2007,353,11788],"class_list":["post-10605","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-31-million","tag-assets","tag-atticus-capital-lp","tag-fertilizer","tag-first-quarter","tag-hedge-fund","tag-largest-software","tag-microsoft","tag-microsoft-corp","tag-money","tag-namesake","tag-potash-corp-of-saskatchewan","tag-redmond-washington","tag-saskatoon-saskatchewan","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-software-maker","tag-stocks","tag-tehran-times"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10605"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10605\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}