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.”

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…