Icahn Suffers Sharp Loss in First Quarter

The activist’s private investment funds were heavily hurt by losing short positions.

Carl Icahn (Victor J. Blue/Bloomberg)

Carl Icahn

(Victor J. Blue/Bloomberg)

Carl Icahn missed out on the stock market’s ferocious start to the year.

The octogenarian activist suffered a 5.8 percent first-quarter loss in his private investment funds, according to a regulatory filing. The Standard & Poor 500 index was up by 13.06 percent over the same period.


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