Icahn Invests More In Own Hedge Fund

Nov 7 2008 | 2:20am ET

Like many hedge funds, Icahn Associates is facing big redemption requests. But while other fund scramble to find new investors to replace those leaving, founder Carl Icahn has another option: replace them himself.

The legendary activist investor and his New York-based holding company, Icahn Enterprises, have pumped $500 million into Icahn Associates over the past several months. The hedge fund has received redemption requests for some 15% of its $6.6 billion in assets.

All of the withdrawals were requested by outside investors, Icahn Enterprises vice chairman Keith Meister said. Outside investors account for some $4.3 billion of the fund’s assets.


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

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

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...