Atticus takes advantage of merger arb boom

Sun May 1, 2005



On the whole, a pick-up in volume has been a boon to merger-focused arbitrageurs in 2005. But few fared as well in March as Timothy Barakett's Atticus, which picked up a rock-solid 5% for the month in Class-A shares of its $1 billion Atticus Global Ltd. fund. The monthly gain was one of the best on record for the fund, which has managed average annualized returns of roughly 19.5% since inception six years ago. The March gain lifted the...

ISSN: 2151-1845 / CDC10004H

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