Wednesday, 1 April 2015
Last updated 5 hours ago
Apr 20 2011 | 1:11pm ET
Carl Icahn’s son, who has worked for his father’s firm for almost a decade, apparently has a side business as a hedge fund manager. And a very successful one, at that.
Brett Icahn’s fund returned 50% last year, The New York Times reports as part of a larger profile of the elder Icahn on his 75th birthday. The Gray Lady didn’t identify the name of Icahn fils’ fund, but does tip him to succeed his father at Icahn Associates, which last year decided to return all outside capital.
Certainly, he seems to have his father’s taste for a fight.
“Corporate democracy is a myth, and cronyism on boards is rampant,” he told the Times. “That’s why there’s a lot of opportunity as an activist.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…