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

2015-02-27 19:25:26| Real Estate - Topix.net

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. Icahn Enterprises LP lost $373 million, or $3.08 per depositary unit, in 2014, with much of it due to a loss of $478 million in the fourth quarter.

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