Icahn’s Investment Fund Plunges Deeper Into the Red

The reasons the legendary octogenarian’s internal hedge fund is losing money this year.


Illustration by II

Carl Icahn’s internal hedge fund posted another quarterly loss.

The investment portfolio reported a 4.4 percent decline in the third quarter, extending its loss for the year to 13.3 percent through September, according to a regulatory filing made by Icahn Enterprises Holdings.

Icahn Enterprises is a publicly traded holding company for seven businesses — investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals.

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