Posted on 09/06/2008 2:09:59 PM PDT by TigerLikesRooster
Hedge fund Atticus denies liquidation rumors: report
Thu Sep 4, 7:28 PM ET
Hedge fund company Atticus Capital denied market rumors it was liquidating its positions and closing down and said it had a large net capital position and was looking for investment opportunities, the Wall Street Journal reported on Thursday.
Atticus's two main hedge funds have been hit with losses of between 25 percent and 32 percent this year through August, but investors are largely sticking with it, according to unnamed investors cited by the Journal.
Stocks the Wall Street Journal said Atticus held in recent months, including Burlington Northern Santa Fe Corp (BNI.N), Union Pacific Corp (UNP.N) and MasterCard Inc (MA.N), fell 3.7 percent, 6 percent and 5.9 percent, respectively, amid a broad market sell-off.
Atticus officials could not immediately be reached for comment.
(Excerpt) Read more at news.yahoo.com ...
Ping!
Please add me to your financials ping list.
We’re getting to the point where nothing will buy anything (except the government).
Well, I got a whole lot of nuthin!
I can buy everything!
25 days till October...
Somehow I get the feeling that you don’t like hedge funds.
Ever see one of those house of cards dealies?
Where somebody builds a structure made of playing cards on their edges? I’ve seen them like ten cards tall.
The hedge fund cards are at the very top. But what’s at the bottom?
Things like FNM and FRE and JPM and Citibank.
DYODD.
They look more like unrestrained speculators...win some/lose some.
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