Icahn adds another $250 Million to his shrinking war chest

March 4th, 2009
| More
The NY Times reported today that Carl Icahn has added an additional $250 million of his own money to his hedge fund. This is the third $250 million investment he has made in the last year. The article stated that “the Icahn Fund Ltd. was down about 33 percent through the end of January after plummeting 22 percent in the fourth quarter, according to the letter. After receiving more than $1 billion in redemption requests from investors.

A large portion of the losses can be attributed to Mr. Icahn’s concentrated activist positions in Motorola and Yahoo. Mr. Icahn remains positive on his positions as “he said he saw tremendous opportunities investing in distressed companies.
For Detailed Investor Profiles on these Investors, click below:
Icahn Associates (Carl Icahn)
Related People: Alexander J. Denner; Brett Icahn; Carl Icahn; Keith A. Meister*
Related Entities: High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP


More Recent Headlines

SSG Capital Management Set to Launch in April

Warren Buffett’s Annual Shareholder Letter

Harbinger Hires Goldman Hedge Star Asali

Ackman wants board representation at Target Corp

Abax Global Capital’s Founder and CEO Chris Hsu Departs

KKR Adds Eisenberg as a Senior Advisor

Steel Partners Abandons Larger Sapporo Stake

Stephen Raneri and Arthur Rosen to launch LionEye Capital

Poison Pill Inventor praises Relational Investors

Icahn Increases Stakes in Biotech Bets