{"id":8048,"date":"2008-07-07T00:00:00","date_gmt":"2008-07-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"recent-failures-slow-growth-of-icahn","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/recent-failures-slow-growth-of-icahn.html","title":{"rendered":"Recent failures slow growth of Icahn"},"content":{"rendered":"<p>Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career.<\/p>\n<div>\n<div class=\"embed\">                                                            <\/div>\n<\/div>\n<p>His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to investors. That compares with an average annual return on his investments of 53 percent from 1996 to mid-2004.<\/p>\n<p>Icahn has lost money on cellular-phone maker Motorola Inc., his biggest investment. The 72-year-old billionaire also failed to persuade executives at Yahoo Inc. and Biogen Idec Inc. to take his advice for boosting their stock.<\/p>\n<p>While falling equity markets and the slowing economy are beyond Icahn&#8217;s command, the setbacks at Yahoo and Biogen Idec don&#8217;t bode well for his future as an activist shareholder, said Brett Barth, a partner at New York-based BBR Partners, which has invested $1 billion in hedge funds.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.boston.com\/business\/articles\/2008\/07\/06\/recent_failures_slow_growth_of_icahns_funds?page=full\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, 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":[310,249,1321,1319,1325,281,1320,1318,1322,226,1324,716,149,1323,154,1272,1326],"class_list":["post-8048","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-asset-management","tag-biogen-idec","tag-biogen-idec-inc","tag-cellular-phone","tag-conglomerate","tag-globe-russia","tag-initial-portfolio","tag-limited-liability","tag-mark-cuban","tag-motorola-inc","tag-pariah","tag-proceeds","tag-risk-assessment","tag-sharkwatch","tag-tenured-faculty","tag-trough"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8048","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=8048"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8048\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}