Friday, 1 August 2014
Last updated 5 min 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.”