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Atticus leads falls in event-driven strategies

Atticus Capital, a US hedge fund manager known for helping unseat Deutsche Börse's management in 2005, has reported a loss of more than 8% for the first 10 days of August amid a general rout of event-driven hedge funds.

The firm has reported a net loss of 8.25% on Atticus European, which has $9.1bn (€7.5bn) of assets, from August 1 to August 10, according to investors.

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