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Catchword for “side pocket”
Catchword: side pocket
Filed under: ,
Part of speech: n.
Quotation: Atticus angered some investors in March 2008 with how it treated its investment in Deutsche Börse. Atticus separated its roughly $1 billion stake in the exchange into what is known as a “side pocket,” which investors saw as limiting their ability to withdraw funds. Atticus executives were privy to confidential information, making it illegal for them to trade the stock, executives of the firm say.
Article or document title:
“Atticus Capital to Close Two Big Funds” (URL)
Author:
Gregory Zuckerman, Jenny Strasburg
Article, document, publication, web site:
Wall Street Journal
Date of publication:
Aug. 12, 2009
This catchword has yet to be researched.
Posted 13 Sep 09 | Permalink | Tell a Friend

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