Icahn’s Hedge Fund Posts a Huge Loss for 2023

The activist’s investment fund suffered its worst decline in seven years.

Icahn Hedge Fund

Illustration by II

Carl Icahn’s internal hedge fund continues to be badly hurt by its bearishness.

The octogenarian activist’s publicly traded investment firm, Icahn Enterprises, reported in a regulatory filing that its investment fund segment, after dropping more than 3 percent in the fourth quarter, had lost 16.9

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