Icahn Enterprises LP (NASDAQ:IEP) investor presentation. Full presentation available below in PDF format and Scribd document.
Carl Icahn believes there has never a better time for activist investing, if practiced properly, than today.
The ExodusPoint Partners International Fund returned 0.36% for May, bringing its year-to-date return to 3.31% in a year that's been particularly challenging for most hedge funds, pushing many into the red. Macroeconomic factors continued to weigh on the market, resulting in significant intra-month volatility for May, although risk assets generally ended the month flat. Macro Read More
Several factors are responsible for this:
1) low interest rates, which make acquisitions much less costly and therefore much more attractive,
2) abundance of cash rich companies that would benefit from making synergistic acquisitions, and
3) the current awareness by many institutional investors that the prevalence of mediocre top management and non-caring boards at many of America’s companies must be dealt with if we are ever going to end high unemployment and be able to compete in world markets
See Full presentation here: IEP Presentation: Icahn Says Best Time Ever For Activism
IEP Presentation: Icahn Says Best Time Ever For Activism