Icahn Invests More In Own Hedge Fund

Nov 7 2008 | 3:20am 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of