Carl Icahn’s Losing Streak Returns

Both longs and shorts bled red ink during the third quarter.

Carl Icahn (Victor J. Blue/Bloomberg)

Carl Icahn

(Victor J. Blue/Bloomberg)

Carl Icahn’s holding company, Icahn Enterprises, lost $49 million in the third quarter, bringing its year-to-date loss to $941 million, it reported Tuesday. The vast majority of the losses came from Icahn’s investment portfolio.

Coming at a time when the stock market is reaching new heights, the stunning losses recall the three-year period between 2014 and 2016, which Icahn also ended in the red, largely due to bad energy bets.

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