Carl Icahn’s Icahn Enterprises (IEP), his publicly traded public investment vehicle, is now at three-year lows after his very bad year of commodity investing continues.
Chesapeake Energy, by all accounts, is headed for bankruptcy and his ousting of Cheniere Energy founder/CEO Charif Souki hasn’t paid off, with the stock falling 60% since Icahn invested. Let’s not forget Transocean and Freeport McMoRan either.
IEP ihas lost some 70% of its value from its post financial crisis high in 2013.
Hedge Funds: Small Firms Profit As Big Names Close In 2020
At the beginning of July, Lansdowne Partners, one of Europe's oldest and best-known hedge fund managers, announced that it was closing its flagship hedge fund after a run of poor performance. The closure is the latest in a string of high-profile hedge funds that have decided to shut up shop in recent years. Billionaire investor Read More