Icahn adds another $250 Million to his shrinking war chest
|March 4th, 2009||
|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.
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