Good thing Atticus Capital's partners were paid so much in the past, because with this year's under water performance they're not getting their fees

Oops: The principals at Atticus Capital, with over $20 billion under management at its peak last year,  won't be making the estimated $250-300 million that they're said to have each pulled in last year.  That's because the hedge funds run by Tim Barakett, David Slager and Jacob Rothschild haven't done so well this year -- down by an estimated 5 billion (or 25%) -- and they won't be getting paid any fees.  According to the Financial Times:

When the credit crunch hit in August last year, Atticus was caught out. The firm had a $1bn position in Britain’s Barclays Bank, where it was publicly opposing efforts by John Varley, chief executive, to buy Dutch rival ABN Amro – a deal that Barclays lost to Royal Bank of Scotland – as well as major unhedged holdings across many large companies. Mr Slager’s fund plunged more than 10 per cent in the month, its worst result yet, as banking shares, and Barclays, tumbled. Still, investors were unconcerned. The funds made back all their losses over the next two months, and the European fund ended 2007 up 28 per cent after fees – not a patch on the 44 per cent and 63 per cent gains of the previous two years, but still a phenomenal result for such a large fund.
 
  This year, investors have been more worried. The fund’s low levels of short-selling, which can hedge against falling markets, and its enormous position in Deutsche Börse and NYSE Euronext, the stock exchanges, has hammered its results. Mr Slager has recorded his seven worst months since the credit crisis hit, and at the end of August was down 32.9 per cent this year. Mr Barakett has fared slightly better, but was still down 25 per cent. 

Now the fund and its top executives are braced for at least a year without bonuses, as Atticus will receive no performance fees – the bulk of its income – until the funds have made back their losses – requiring gains of 50 per cent for Mr Slager and 33 per cent for Mr Barakett.

Atticus principals to be hit where it hurts most - Financial Times

See 13F Hedge Fund Charts for charts of Atticus' most recently filed equity holding