Atticus Capital was a

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

. It was founded by

Nathaniel Rothschild, 5th Baron Rothschild Nathaniel Philip Victor James Rothschild, 5th Baron Rothschild (born 12 July 1971), known as Nathaniel Philip Rothschild or Nat Rothschild, is a British-born Canadian financier, who is a birth member of the Rothschild banking family of England. ...

and Timothy Barakett in 1995.

History

Atticus helped to stop the

Deutsche Börse Deutsche Börse AG (), or the Deutsche Börse Group, is a German multinational corporation that offers a marketplace for organizing the trading of shares and other securities. It is also a transaction services provider, giving companies and inv ...

from taking over the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

. Atticus was instrumental in the merger of

Arcelor Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 ...

with

Mittal Steel Company Mittal Steel Company N.V., incorporated in the Netherlands and headquartered in the United Kingdom, was a steel producer. In 2006, it produced 110.5 million tonnes of steel and had annual production capacity of 138 million tons of steel. In August ...

. Atticus, from a minority shareholder position, prevented

Phelps Dodge Phelps Dodge Corporation was an American mining company founded in 1834 as an import-export firm by Anson Greene Phelps and his two sons-in-law William Earle Dodge, Sr. and Daniel James. The latter two ran Phelps, James & Co., the part of the ...

from merging with INCO Ltd in 2006 because it insisted on a share buy-back scheme rather than the merger investment. In 2006, Atticus was rumoured to have $10 billion under administration. Before it was wound down in 2010, Atticus was rumoured to have $20 billion under administration.

Leadership

Timothy Barakett was CEO of Atticus for the first 15 years of its life.

References

{{reflist Defunct hedge funds Hedge fund firms in New York City 1995 establishments in New York (state) 2010 disestablishments in New York (state)