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March 2011

Recs

7

Icahn is out. Carl Icahn’s hedge-fund to return investor’s $$$: What does he know that the rest of us don’t?

March 08, 2011 – Comments (5)

Billionaire capitalist Carl Icahn, one of the most successful investment managers this nation has ever seen—Icahn’s hedge-fund has had returns averaging over 100% for investors since it began—sent his clients a letter stating his intention to return their money by April.  Icahn cites concern for potential losses as the reason he intends to return 95% of his fund’s outside capital.

Icahn wrote:  [more]

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