{"id":4398,"date":"2006-05-09T00:00:00","date_gmt":"2006-05-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"agitator-takes-big-stake-in-nyse","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/agitator-takes-big-stake-in-nyse.html","title":{"rendered":"Agitator Takes Big Stake in NYSE"},"content":{"rendered":"<p><span>New York Post &#8211; Atticus Capital, a hedge fund that doesn&#8217;t shy away from boardroom drama, is now the New York Stock Exchange&#8217;s second-largest shareholder.<\/span><\/p>\n<p>  <span>Atticus, with $12 billion under management, was busy last week buying nearly 2.5 million Big Board shares on the open market. Several traders pointed to the rumor of Atticus&#8217; position for the  Big Board&#8217;s $3.90 run up to $72.50.<\/span><\/p>\n<p>  <span>A one-time owner of 12 percent of Archipelago, the West 57th St. fund now has 9.4 million shares &#8211; or a 6.03 percent stake &#8211; just behind General Atlantic Partners&#8217; 10.3 million shares,  according to SEC filings.<\/span><\/p>\n<p>  <span>A prime player in last year&#8217;s Deutsche Boerse-London Stock Exchange merger saga, Atticus is making all the right sounds about deeply believing in NYSE chief John Thain&#8217;s vision.<\/span><\/p>\n<p>  <span>&#8220;We are a big believer in the global exchange sector,&#8221; Atticus&#8217; investor relations chief Robert Coburn told The Post. &#8220;And we really think the market isn&#8217;t seeing the earnings power of the  NYSE franchise.&#8221;<\/span><\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/3-0&amp;fd=R&amp;url=http:\/\/www.nypost.com\/business\/68173.htm&amp;cid=0&amp;ei=1FRgRNC9EIfOpwKpsdXiCw\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; Atticus Capital, a hedge fund that doesn&#8217;t shy away from boardroom drama, is now the New York Stock Exchange&#8217;s second-largest shareholder. Atticus, with $12 billion under management, was busy last week buying nearly 2.5 million Big [&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":[],"class_list":["post-4398","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4398","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=4398"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4398\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}