Icahn returns client cash

first_img Share BILLIONAIRE hedge-fund manager Carl Icahn is returning outside investors’ capital, marking the end of an era as he joins a string of prominent stock pickers who no longer wants the headache of overseeing other people’s money.Icahn, known for his knack of picking winners and his ability to face off with captains of industry, says he has grown weary of overseeing others’ money as markets are becoming more unpredictable and investors more demanding.“While it may sound ‘corny’ to some, the losses that were incurred by investors in our funds in 2008 bothered me a great deal more, in many respects, than my own losses,” the 75-year-old investor wrote in a six-paragraph-long letter sent to investors. Outsiders had invested roughly $1.75bn (£1bn) in Icahn’s $7bn Icahn Capital hedge fund. KCS-content whatsapp Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULL whatsapp Tuesday 8 March 2011 9:21 pm Icahn returns client cash last_img read more