{"id":10030,"date":"2009-03-05T00:00:00","date_gmt":"2009-03-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"icahn-puts-another-250-million-into-his-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/icahn-puts-another-250-million-into-his-fund.html","title":{"rendered":"Icahn Puts Another $250 Million Into His Fund"},"content":{"rendered":"<p>New York Times &#8211; The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to a letter he sent to investors.<\/p>\n<p>The Icahn Fund Ltd. was down about 33 percent through the end of January after plummeting 22 percent in the fourth quarter, according to the letter. After receiving more than $1 billion in redemption requests from investors, Mr. Icahn put $250 million of his own cash into the fund in November to avoid selling shares to meet the redemptions.<\/p>\n<p>Trying to instill confidence in his investors, Mr. Icahn decided to make another $250 million cash injection into the fund on Jan. 1. Still, over the last five months, Icahn Capital&rsquo;s funds under management have shrunk by about $2.5 billion.<\/p>\n<p>The losses are likely to affect the publicly traded Icahn Enterprises fund, which reports earnings on Thursday.<\/p>\n<p><a href=\"http:\/\/dealbook.blogs.nytimes.com\/2009\/03\/04\/icahn-puts-another-250-million-into-his-fund\/?hp\" target=\"_self\">Read Complete Article <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,8562,8563,4712,1055,7052,276,1482,4504,129,8564,4291,3784,4325,3257,5663],"class_list":["post-10030","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-billionaire-financier-carl","tag-carl-c","tag-confidence","tag-earnings","tag-five-months","tag-fourth-quarter","tag-investments","tag-investors","tag-losses","tag-motorola","tag-new-york-times","tag-redemption-requests","tag-redemptions","tag-selling-shares","tag-yahoo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10030"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10030\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}