BUSINESS BRIEFING
Timothy Barakett, founder of the $5.5-billion Atticus Capital hedge fund, is closing his $3.5-billion Atticus Global Fund to spend more time with his family and concentrate on philanthropic interests, according to a letter to investors.
Barakett, 44, is also shutting a $600-million fund he manages.
Atticus expects to return 95% of investors’ money by the start of October, the letter said. Atticus, based in New York, will continue to manage its $1.2 billion European fund, overseen by David Slager, the letter said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
