Icahn’s Son Proving His Mettle With Hedge Fund

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.”


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...