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.

Michelle Celarier November 8, 2018

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

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