Icahn Invested $1 Billion On Energy Stocks During BP Oil Spill

Financier Carl Icahn disclosed that his hedge funds wagered almost $1 billion in energy stocks during the second quarter as they were pummeled by declining crude prices and the worst oil spill in U.S. history. Icahn plowed about $929 million into energy stocks in the period, bringing the total to 18% of the hedge-fund group’s stock investments. – Bloomberg

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