Icahn’s Private Hedge Fund Lost Money in 2022

The activist investor also sharply slashed his stake in HERC Holdings in February.

(Victor J. Blue/Bloomberg)

(Victor J. Blue/Bloomberg)

Carl Icahn’s private hedge fund was in the red again in 2022, after posting losses in each of the final three quarters of the year. However, the small loss was a fraction of the declines suffered by the major stock indices.

The portfolio finished the year down 2.4

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