Sunday, 21 December 2014
Last updated 4 hours ago
May 15 2014 | 2:46pm ET
Carl Icahn is going to need an impressive run the rest of the year if he’s to keep up his recent torrid pace.
Icahn Enterprises lost 0.4% in the first quarter, Forbes reports. Much of the decline can be attributed to Icahn’s big bet on nutritional supplements company Herbalife, whose stock has plummeted this year amidst a number of state and federal investigations.
Icahn is still up significantly on the Herbalife investment.
The loss was offset by a big win for Icahn’s second-biggest investment at the start of the year, Forest Laboratories, which in February was acquired for $25 billion.
Icahn has returned an annualized 27% over the past five years, including a 30.8% rise last year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.