Icahn’s private hedge fund reported a quarterly gain, yet it remains in the red overall. The activist investor has once again withdrawn personal capital from his investment portfolio, highlighting ongoing challenges despite recent performance improvements.
Icahn Enterprises LP is reducing its dividend payout by half, from $1 to $0.50 per depositary unit for the third quarter, as part of a strategy to increase its stake in CVR Energy Inc. The firm aims to raise its ownership in CVR Energy to approximately 81%, up from 66%.
Wall Street is bracing for significant market reactions as Americans vote for candidates with starkly different policy agendas. In 2016, billionaire investor Carl Icahn made a bold $1 billion bet on stocks following Donald Trump's unexpected victory, a move that paid off. Now, traders globally are poised for potential windfalls or severe losses as the election unfolds.
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