Hedge fund company Atticus Capital denied rumors about liquidating its positions and closing down, defending a large net capital position and how it was looking for investment opportunities, the Wall Street Journal reports.

"We've heard these rumors as well and they're not true," says Tim Barakett, founder of Atticus, which has about $14 billion under management. "We're certainly not liquidating. In fact we have a large net cash position and are looking for opportunities to invest capital."

Atticus' two main hedge funds have been hit with losses of between 25% and 32% this year through August, but investors are largely sticking with it, according to unnamed investors cited by the Journal.

Stocks the Wall Street Journal said Atticus held in recent months, including Burlington Northern Santa Fe Corp, Union Pacific Corp and MasterCard

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