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September 1, 2008

Atticus Capital said to have lost $5 billion on financials

LONDON (MarketWatch) -- New York-based hedge fund Atticus Capital has lost over $5 billion so far this year, as its funds have been hit by plummeting financial stocks, a person familiar with the situation told Dow Jones Newswires Monday. The activist investor saw its Atticus European fund fall 32.9% in value from the start of the year to the end of August, while its Atticus Global fund was down

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