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Atticus Capital Penetrates Indian Market

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Written by Subhasis Chatterjee   

Through confidential sources it has been affirmed that the renowned US hedge fund Atticus Capital, also an activist investor while going on steadfastly with its determined decision to go for an abrupt change at Deutsche Börse in the recent days is on an expansion mode and at this time the movement of the stock exchange movements is with India, the upcoming Asian giant and a substantial contributor in the international scenario of the Information Technology.  

 

Atticus Capital LP is a foremost investment management firm, with in excess of US$9 billion of assets under management. From its commencement in 1995 by Timothy Barakett, the firm is headquartered in New York with an office in London. Atticus as an investment management firm usually invests in global securities markets on behalf of its clients. Timothy Barakett, Chairman and CEO, and David Slager, Senior Managing Director, are in the topmost hierarchy of the firm's portfolio management team. Nathaniel Rothschild is the Co-Chairman of the firm. On the other hand, the Atticus has been a shareholder in Euronext for over a year, and has already invested over 1 billion euro through out the globe in publicly listed exchange operators. In addition to its Euronext investment, Atticus happened to be a significant shareholder of Deutsche Boerse AG.

It is stated that the Atticus capital till now has purchased a 4% stake in the Bombay Stock Exchange or the BSE, an imperative stock exchange of India. But it should also be noted at the same extent that the entire purchase has been done through Atticus Mauritius, a subsidiary organization of the funds of the Atticus. Meanwhile, to the most updated informations, the Atticus Capital happens to be the second largest shareholder in the Deutsche Börse. Very recently it has been instrumental in pushing for a thorough modification at the operator of the Frankfurt stock exchange and also, at the same extent is a strident dissenter being in the leadership of the crusade against the strategy of the Deutsche Börse to get hold of or buy the International Securities Exchange, the US options exchange at the price of $ 2.8bn.  it should also be remembered that earlier on this year both of the Deutsche Börse and the Singapore Exchange bought a 5% stake in the Bombay Stock Exchange thanks to the permission of the Government of India over 26% foreign investment in its stock exchanges.

 

 
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