Atticus Capital

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Here is a recap of the top news items from this week on Wall Street:

1. The Fed left its key interest rates unchanged this week, confirming what Street players had been expecting. As is always the case, traders focused on the slightest changes in the language used by the Fed. A couple of important changes: economic activity is leveling out" from "the pace of economic contraction is slowing" and they also said they have "decided to gradually slow the pace" of Treasury securities purchases. Click here to see a side-by-side comparison of the most recent statement and the previous statement.

2. As we are now knee-deep in the highly-anticipated 13F season, we have numerous activists and hedge funds out with their updated quarterly holdings this week. The most notably new investment, so far ...

In a letter to investors, Atticus Capital founder Timothy Barakett announced that he is closing two hedge funds and handing back $3 billion to investors. Atticus is closing its flagship fund and a smaller vehicle, but will continue to operate its $1.2 billion Atticus European Fund.

The Wall Street Journal notes that in his letter Barakett cited personal reasons for his decision. Barakett said, "After 15 years of being singularly focused on building and managing Atticus, I believe it is time to reassess my future."

Atticus was one of the highest flying hedge-fund firms over the last decade, surging from $6 million in 1996 to $20 billion in late 2007. But 2008 was a bad year for the fund as it lost 25 ...

Atticus Capital To ...

In a 13G filing on Sotheby's (NYSE: BID), Timothy Barakett's Atticus Capital LP disclosed a 3,584,110 share, or 5.4% stake. A 13G indicates a 'passive ...