The Traderszone Network

Published in TZ Latest News 27 February, 2015 by The TZ Newswire Staff

Icahn’s investment fund posts first loss since 2008 on oil plunge

Billionaire activist investor Carl Icahn’s publicly traded investment fund posted its first annual loss since 2008 last year, undone by plummeting oil prices, the company said in a regulatory filing on Friday. Results were hurt by a halving of oil prices between June and December amid a global supply glut. “This year’s results were obviously disappointing, with the precipitous decline in oil prices impacting the profitability of many of our segments,” Icahn said in a statement.

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