Carl Icahn Fund Posts First Loss Since 2008

It posted a loss of 7.4% last year

   

Carl Icahn Fund Posts First Loss Since 2008

Carl Icahn’s investment fund posted its first loss since the economic crisis of 2008.

Icahn 1063525001 e1291056531509 Carl Icahn Fund Posts First Loss Since 2008Icahn Enterprises reported a loss of 7.4% and an adjusted net loss of $221 million in 2014. The billionaire’s fund suffered from the sharp decline in crude oil prices that hit the energy industry late last year.

The company’s 2014 fourth-quarter losses amounted to $478 million. Icahn held large stakes in Transocean (RIG), Talisman Energy (TLM) and Chesapeake Energy (CHK). Icahn Enterprises also owns part of CVR Energy (CVI).

The fund posted $1 billion of net profit. in 2013.

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Article printed from InvestorPlace Media, http://investorplace.com/2015/02/carl-icahn/.

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