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Icahn Hedge Fund Loses 20% of Its Value in 2016
A nearly $6 billion hedge fund run by billionaire Carl Icahn continues to
suffer after tumbling 18% in 2015.
Icahn said on the day after the election that he bought “a lot of stock”
the prior night in the market selloff that immediately followed Trump’s
surprise win.
The fund appears to have been down about 8% in the fourth quarter. It was
off 12.7% through the first three quarters of 2016, according to a
regulatory filing.
In 2014 Icahn’s fund lost 7.4%.
A nearly $6 billion hedge fund run by billionaire Carl Icahn continues to
suffer after tumbling 18% in 2015.
Icahn said on the day after the election that he bought “a lot of stock”
the prior night in the market selloff that immediately followed Trump’s
surprise win.
The fund appears to have been down about 8% in the fourth quarter. It was
off 12.7% through the first three quarters of 2016, according to a
regulatory filing.
In 2014 Icahn’s fund lost 7.4%.