Sunday, February 27, 2005
WE WILL NEED THIS DETAIL ASAP IN MKTG MATERIALS (Bloomberg 2/2/05)
Icahn, Seeking Hedge Fund Investors, Shows How He Made $2.8 Bln From Bloomberg.com: In his efforts to raise $3 billion for a hedge fund, corporate raider Carl Icahn revealed a secret to prospective investors: his winning and losing bets in the stock and bond markets.
The billionaire financier's 10 largest gains and losses over the past decade, including the $893 million he pocketed trying to break up RJR Nabisco Holdings Corp., are detailed in marketing materials that New York-based Icahn Partners LP distributed in July. The documents show his net investment gains were at least $2.77 billion during the period.
Icahn, who gained notoriety by taking over Trans World Airlines Inc. in 1985, occasionally discloses his positions because of regulatory requirements. To bring in outside investors for the first time in almost two decades, Icahn, 68, pulled back the curtain.
The billionaire financier's 10 largest gains and losses over the past decade, including the $893 million he pocketed trying to break up RJR Nabisco Holdings Corp., are detailed in marketing materials that New York-based Icahn Partners LP distributed in July. The documents show his net investment gains were at least $2.77 billion during the period.
Icahn, who gained notoriety by taking over Trans World Airlines Inc. in 1985, occasionally discloses his positions because of regulatory requirements. To bring in outside investors for the first time in almost two decades, Icahn, 68, pulled back the curtain.
# posted by Tom @ 5:22 PM 
