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Icahn Suffers Sharp Loss in First Quarter

The activist’s private investment funds were heavily hurt by losing short positions.

Carl Icahn missed out on the stock market’s ferocious start to the year.The octogenarian activist suffered a 5.8 percent first-quarter loss in his private investment funds, according to a regulatory filing. The Standard & Poor 500 index was up by 13.06 percent over the same period.Icahn had fared all right

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