{"id":11249,"date":"2009-08-13T00:00:00","date_gmt":"2009-08-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"atticus-chief-exits-leaving-high-water-mark-behind","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/atticus-chief-exits-leaving-high-water-mark-behind.html","title":{"rendered":"Atticus Chief Exits, Leaving High Water Mark Behind"},"content":{"rendered":"<p>CNBC &#8211; Another of the once giant hedge funds is all but closing its doors. Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital to his investors. The roughly $1 billion left, Barakett&#8217;s personal fortune, will be managed by him in a so-called &ldquo;family office&rdquo;. Atticus will keep its European fund (not managed by Barakett), with roughly $1.5 billion under management, open. <\/p>\n<p class=\"textBodyBlack\">Barakett says the decision was a personal one, driven by his desire to spend more time with his family. I don&#8217;t doubt it. But, I can&#8217;t help wondering whether Barakett&#8217;s exit is also due to the fact that most of the $3 billion he&#8217;s returning to investors is below its high water mark.<\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/32375804?FORM=ZZNR9\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC &#8211; Another of the once giant hedge funds is all but closing its doors. Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital to his investors. The roughly [&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":[1570,2570,1463,768,2338,6594,11708,1077,4504,7469,11183],"class_list":["post-11249","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-cnbc","tag-desire","tag-doors","tag-doubt","tag-flagship","tag-hedge-funds","tag-high-water-mark","tag-investors","tag-personal-fortune","tag-rsquo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11249","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=11249"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11249\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}