Was Barakett pushed out of Atticus Capital?
By Teri Buhl for Hf-Implode Activist hedge fund manager Tim Barakett announced he’s throwing in the towel today and shutting down what’s left of his Atticus Global fund. Barakett states in his letter to investors that he is leaving to spend more time with family and work on philanthropic ventures. Yet, investors in the fund tell us there is another reason for the split. According to two fund-of-funds investors, Barakett and his partner David Slager began fighting over investment strategies last summer. The tussle began when Barakett set up a side-pocket fund for Atticus’ investment in Deutsche Boerse, a move investors didn’t vote on nor from which did they have the ability to redeem. That caused one fund-of-funds investor to pull his firm’s large investment out last fall and warn others he didn’t think Barakett could turn his lagging fund around. “Once I saw the in-fighting between management [Barakett & Slager] over investment strategies, I knew it was time to get out,” said the inves
