Carl Icahn’s Investments Turn Red in the Third Quarter

A big short book and a bad activist play in Newell Brands pummeled the veteran investor this year.

Carl Icahn (Victor J. Blue/Bloomberg)

Carl Icahn

(Victor J. Blue/Bloomberg)

The $3 billion investment portfolio of Carl Icahn’s publicly traded Icahn Enterprises swung to a loss of $206 million during the third quarter, the company reported Thursday.

The third-quarter loss of 6.3 percent pushed the return down to 3.5 percent for the first nine months, almost 50 percent below the 6.6

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