Atticus Capital
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DESCRIPTION:

Date updated:02-28-2008

As of 12-31-07 filing.

New positions: BIDU, RIMM, XLE, AA

Atticus Capital, LLC, is a leading investment management firm, with US$13 billion of assets under management. Founded by Timothy Barakett in 1995, the firm is headquartered in New York with an office in London. Atticus invests in global securities markets on behalf of major institutions, endowments, pension funds, and private investors. Timothy Barakett, Chairman and CEO, and David Slager, Senior Managing Director, lead the firm's portfolio management team. Nathaniel Rothschild is a non-executive Vice Chairman of the firm.

According to the International Herald Tribune, at the end of November 2006 the fund had posted a gain of 32.2 % for the year, mostly by taking big concentrated positions in certain stocks. One example is Phelps Dodge, which at one pt the company at a 9.9% ownership of. When Freeport McMoRan announced its intention to buy PD outright, the Fund made $500 Million overnight. The Atticus funds were up a combined45% in 2005.

Timothy Barreker was #14 in DailyII.com's list of top-paid hedge fund managers. Here's his description from the list:

"Timothy Barakett, Atticus Capital, $200 million

For an activist investor, Timothy Barakett kept a low profile after launching Atticus Capital in 1995, at age 26. That changed last year when Atticus and the Children’s Investment Fund U.K., a London hedge fund, teamed up to block Deutsche Bšrse’s $2.5 billion bid for the London Stock Exchange. They proposed instead that the German market issue a special dividend or buy back shares. Six months later Deutsche Bšrse’s CEO, Werner Seifert, quit, and the LSE has become the object of ardent courtship by both the Nasdaq Stock Market and the New York Stock Exchange.

Then the battle-hardened Atticus turned on another exchange. Earlier this year the New York firm and accounts it advises amassed a 9.1 percent stake in Euronext and urged that the Paris-based electronic exchange combine with Deutsche Bšrse.

In February, Barakett, who makes his debut on our list of top money earners tied for No. 14, fired off a letter to Arcelor CEO Guy DollŽ expressing his extreme disappointment that the Luxembourg-based steelmaker, in which Atticus has a 1.3 percent stake, wasn’t paying more attention to a tender offer from Mittal Steel Co., also based in Luxembourg.

Barakett, who holds a BA in economics from Harvard University and an MBA from the Harvard Business School, does not make his rather handsome living just from badgering CEOs. His Atticus Global fund was up a net 22 percent in 2005, and his Atticus European fund — managed by David Slager, who is tied for No. 20 — surged 62 percent. On a capital-weighted basis, Atticus’s funds were up 45 percent, on average. Little surprise, then, that the firm’s assets more than doubled in 2005, to $9.2 billion. That must please Barakett, but it is also gratifying to Atticus vice chairman Nathaniel Rothschild, son of Lord Jacob Rothschild. The younger Rothschild earned about $80 million last year, falling short of the cutoff for our list."

symbol name last price % change open
  • +
  • FCX
    Freeport Mcmoran
  • $119.43
  • +3.66%
  • $117.29

% of portfolio: 9.2%

People owning FCX also tend to own: AESAINVBBDCCJCHKCNXCSCO

TheStreet.com Rating: A- What is this?

  • +
  • NYX
    Nyse Euronext
  • $72.62
  • +1.61%
  • $71.75

% of portfolio: 7.4%

People owning NYX also tend to own: ALLBBOFLCMECZFCFKFSGFSIITG

TheStreet.com Rating: C- What is this?

  • +
  • UNP
    Union Pacific
  • $152.00
  • +1.37%
  • $150.33

% of portfolio: 6.3%

People owning UNP also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: A+ What is this?

  • +
  • COP
    Conocophillips
  • $89.31
  • +0.87%
  • $89.42

% of portfolio: 5.8%

People owning COP also tend to own: ADSAIZAPCAVTCHICCXDIIB.PK

TheStreet.com Rating: A What is this?

  • +
  • MA
    Mastercard Inc
  • $286.77
  • +0.11%
  • $287.80

% of portfolio: 4.8%

People owning MA also tend to own: AIGAXPAXSBAMBBBYBRK-ABRK-B

TheStreet.com Rating: C What is this?

  • +
  • BNI
    Burlingtn N Sante
  • $107.93
  • +0.70%
  • $107.45

% of portfolio: 4.8%

People owning BNI also tend to own: AIGAKZOYANATAXPBACBRK-ACMCSK

TheStreet.com Rating: A What is this?

  • +
  • OXY
    Occidental Pet
  • $90.83
  • +2.29%
  • $90.23

% of portfolio: 4.0%

People owning OXY also tend to own: AAALLAPCBUDCOPCVXDOW

TheStreet.com Rating: B- What is this?

  • +
  • CCI
    Crown Castle Intl
  • $42.21
  • +0.02%
  • $42.36

% of portfolio: 3.2%

People owning CCI also tend to own: AMTAMXAMZNCVCDISHGOOGHAR

TheStreet.com Rating: C- What is this?

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