Maybe he should have stuck with hockey. Tim Barakett, the founder of Atticus Capital and possibly the only hedge funder in history to turn down an opportunity to play professional hockey to go Harvard Business School, announced today that he's shutting down his flagship fund and handing $3 billion back to his investors. "After 15 years of being singularly focused on building and managing Atticus, I believe it is time to reassess my future," Barakett said in a letter to investors. On a more positive note, you can rest assured Steve Cohen's hockey rink will see a lot more action over the coming months. [WSJ]

• Altria, the maker of Marlboro cigarettes, is in talks to buy UST for more than $10 billion. [NYT]