{"id":6182,"date":"2007-06-13T00:00:00","date_gmt":"2007-06-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-to-barclays-stand-alone","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2007\/hedge-fund-to-barclays-stand-alone.html","title":{"rendered":"Hedge Fund To Barclays: Stand Alone"},"content":{"rendered":"<p>Forbes &#8211; <strong>Atticus Capital<\/strong> isn&#8217;t the only hedge fund which wants <strong>Barclays<\/strong> to give up its fight for Dutch lender <strong><strong>ABN Amro<\/strong>. <strong>SeacliffCapital<\/strong><\/strong>, a hedge fund in San Francisco, had its doubts from the moment market rumors started swirling that a deal was in the works.<\/p>\n<p>&#8220;<strong>Barclays<\/strong> was one of our largest holdings,&#8221; Seacliff president James Ellman told Forbes.com. &#8220;It no longer is. We sold half our position.&#8221; Seacliff, which has $200 million of assetsunder management, sent an e-mail to Barclays management almost two months ago, and several more times since.<\/p>\n<p>When Ellman finally got a chance to speak face-to-face with Barclays Chief Executive <strong><a href=\"http:\/\/www.forbes.com\/finance\/mktguideapps\/personinfo\/FromPersonIdPersonTearsheet.jhtml?passedPersonId=877778\">John Varley<\/a><\/strong> in the break room at a conference in the U.S., he was almostbeaten to the chase by 75 other investors. &#8220;It was standing room only. I certainly didn&#8217;t hear questions that were relatively positive. There was a great deal of skepticism,&#8221; he said.<\/p>\n<p>Barclays closed up 0.1%, at 733.50 pence ($14.51), Tuesday. Investors have been more positive about the stock since Atticus, which owns 1% of the lender, wrote to Barclays Chairman Marcus Agius,requesting that he call off his bid for Dutch rival <strong>ABN Amro<\/strong> . The whiff of shareholder activism sent the shares up to close 1.6% higher <a href=\"http:\/\/www.forbes.com\/markets\/2007\/06\/11\/barclays-atticus-update-markets-equity-cx_po_0611markets24.html\">on Monday<\/a>.<\/p>\n<p><strong><a href=\"http:\/\/www.forbes.com\/markets\/2007\/06\/12\/barclays-abn-seacliff-markets-equity-cx_po_0612markets30.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Atticus Capital isn&#8217;t the only hedge fund which wants Barclays to give up its fight for Dutch lender ABN Amro. SeacliffCapital, a hedge fund in San Francisco, had its doubts from the moment market rumors started swirling that [&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-6182","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6182","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=6182"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6182\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}